01 July 2014
ICS solutions sold to JBT Corporation
ICS Solutions, located in Amsterdam, The Netherlands and Gainesville, GA (U.S.A.), is a worldwide leader in the engineering, installation and servicing of high-capacity food preservation equipment.
JBT Corporation (NYSE: JBT), a leading global technology solutions provider to the food processing and air transportation industries, announced today it has purchased the ICS Solutions business from Stork Food & Dairy Systems.
ICS’ Hydromatic® continuous sterilizer is a premier in-container system used to sterilize a broad range of foods, including beverages and dairy products. ICS enjoys a large, worldwide installed base providing a strong source of recurring revenue.
“We are very excited to add the complementary Hydromatic continuous sterilizer to JBT’s product portfolio of filler, seamer and in-container sterilization technologies,” stated Steve Smith, Executive Vice President and President of JBT FoodTech. “With this acquisition, JBT will provide a complete range of high-capacity, in-container sterilization solutions to our customers in the growing global beverage, dairy and canning industries. In addition, we have identified and are acting on opportunities to improve operational effectiveness as well as enhance sales and service support for our customers through the combination of the businesses.”
Tom Giacomini, JBT’s Chairman, President and Chief Executive Officer added, “This acquisition demonstrates our commitment to expanding the liquid foods portfolio and growing our recurring revenue stream, reflecting our recently announced Next Level strategy.”