BDO has advised the shareholders of International Packaging Solutions Limited on the sale to John Bean Technologies Europe B.V., a subsidiary of NYSE listed, John Bean Technologies Corporation (“JBT”).
International Packaging Solutions Limited is the holding company for PLF International Limited (“PLF”), a worldwide market leader in the production of bespoke powder filling systems. JBT’s acquisition of PLF is an investment and growth strategy, adding PLF’s expertise and expanding their filling and closing solutions to its customers. JBT, a New York Stock Exchange listed entity headquartered in Chicago, is a leading global technology solutions provider to high-value segments of the food & beverage industry.
“The BDO M&A team demonstrated excellent project management skills maximising the value of the business and delivering a fantastic outcome, particularly given the acquirers targeted four week completion time frame and detailed due diligence process. BDO proved to be dedicated professional advisers who mobilised quickly to meet a challenging deadline and understood our unique requirements and sensitivities. They worked seamlessly with us to minimise the impact on day to day operations, ensuring that the deal was a success. We would certainly be happy to recommend them for any future transactions.”
Mark Emond, Chief Executive, PLF International Limited