JBT Corporation signs definitive agreement to acquire Tipper Tie

摘要

JBT Corporation, a global technology solutions provider to high-value segments of the food & beverage industry, announced today it has signed a definitive agreement to purchase Tipper Tie, Inc. from Dover. The purchase price is $160 million, before customary post-closing adjustments. The transaction is expected to close in the fourth quarter of 2016, subject to customary regulatory approvals.