JBT Corp. To Buy Tipper Tie From Dove For $160 Mln
Tipper Tie is a provider of engineered processing and packaging solutions, and related consumables to the food industry. The Apex, North Carolina-based company has four manufacturing locations around the world.
"The addition of Tipper Tie expands JBT's protein platform to include complementary packaging solutions, enabling us to offer even greater value to our customers. Tipper Tie's globally recognized brand, advanced technology, and relationships with major food processors in the U.S and Europe will prove critical as we grow the company's presence in Asia and Latin America," said Tom Giacomini, JBT's Chairman, President and Chief Executive Officer.(dpa)
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