July 7, 2010 (FinancialWire) — JBT Corporation (NYSE: JBT) said that its JBT FoodTech business has signed a definitive agreement to acquire assets of International Food Technology Co., Ltd. and Food Audits International Co., Ltd., both of which are headquartered in Bangkok, Thailand.

According to JBT, the acquisition of IFT and FAI strengthens JBT FoodTech's regional capabilities to provide complete sterilization solutions including food safety consulting, lab services, process auditing, and training. The transaction is expected to close within the next few weeks.

Terms of the transaction were not disclosed.

Illinois-based JBT is a technology solutions provider to the food processing and air transportation industries. JBT designs, manufactures, tests and services 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.

JBT Corporation employs around 3,300 people worldwide and operates sales, service, manufacturing and sourcing operations located in over 25 countries.

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