Active Capital's FTNon sold to trade for €32m

The purchase price before customary post-closing adjustments is €32m.

FTNon has been under Active Capital's ownership since 2013, when the GP backed the management buyout of the firm.

Active invests in small and medium-sized companies with revenues between €5-80m, providing tickets of €2-8m in exchange for majority stakes in a company.

The acquisition of FTNon adds annual revenues of approximately $30m to JBT's FoodTech business. Based in Chicago, JBT is a technology provider to high-value segments of the food processing and air transportation industries. It generated revenues of $1.6bn in 2017 and employs 5,800 people worldwide

Company
Founded in 1963, FTNon, previously known as Food Technology Noord-Oost Nederland, is a food engineering company that develops and produces food processing equipment for frozen and canned products. Its clients produce a range of foods including fruits, vegetables, herbs, mushrooms, poultry, fish, meat and pet foods. Based in Almelo, the Netherlands, the company has an additional office in the US. It employs 110 people.

People
JBT Corporation – Tom Giacomini (chairperson).

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