JBT acquires A&B Process Systems

JBT Corporation (NYSE: JBT) said it has completed its agreement to acquire the shares of A&B Process Systems.

The agreement to purchase the shares was announced on September 2, 2015.

JBT is a leading global technology solutions provider to the food processing and air transportation industries. The company designs, manufactures, tests and services technologically sophisticated systems and products for regional and multi-national industrial food processing customers through its JBT FoodTech segment and for domestic and international air transportation customers through its JBT AeroTech segment. It employs approximately 3,700 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries.