JBT Corporation has acquired Netherlands-based food equipment and solutions provider FTNON for €32 million to expand in the fruit and vegetable market.
FTNON, which is headquartered in Almelo, serves the fresh-cut and thermal food market with a focus on peeling, steaming, de-coring, washing, slicing and blanching.
The firm also has offices in Delft and Horst in the Netherlands, Salinas in the US and Shanghai. It serves customers in the fruit, vegetable and pet food processing industries.
According to JBT, the acquisition will add an annual revenue of approximately $30 million to JBT’s food-tech business.