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FMC FoodTech becomes JBT FoodTech.

FMC Technologies Inc is to spin-off the FMC FoodTech and Airport businesses combining them into a new and separate company.

The global legal name of the new company will be John Bean Technologies Corporation-JBT Corporation-and the new European legal name will be John Bean Technologies AB. The new company will comprise the JBT FoodTech (formerly FMC FoodTech) and JBT AeroTech (formerly Airport Systems) business segments.

The separation will allow FMC Technologies Inc to focus entirely on the rapidly growing energy businesses and the management of the newly created JBT Corporation to focus on growing their respective businesses.

"This new independence will enable us to further leverage our position as a solutions provider in the fields of portioning, processing, frying, steaming, cooking, proofing, chilling, freezing, packing, squeezing, sterilizing and all kinds of food preservation through our strong equipment brand names Frigoscandia Equipment, Stein, DSI, Citrus Systems, Food Processing Systems and FranRica" states Nicklas Margard, European General Manager.

"We value the business relationship we have with our many customers today and whilst changing our name, the people and products that you know and trust, remain the same. Should you have any questions, or if you feel additional information regarding this spin-off is necessary, please feel free to contact us" adds Mike Cotton, UK Managing Director.

Contact JBT on tel 01234 846129 or visit www.jbtfoodtech.com
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Title Annotation:EVOLUTION
Publication:Food Trade Review
Date:Jul 1, 2008
Words:224
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