John Bean Technologies Corp. (JBT Corp.) announced that it has submitted a nonbinding initial proposal to the board of directors of Iceland-based food processing company Marel hf to acquire the company for approximately 2.4 billion euros ($2.6 billion). Chicago-based JBT Corp. was advised by a Kirkland & Ellis team. Counsel information for Marel was not immediately available.
Food, Beverage & Tobacco
November 27, 2023, 11:30 AM