Closing of the transaction is expected to take place during the first quarter of 2017, subject to approval by the New Zealand Overseas Investment Office.
Thanks to the agreement, JBT can now offer new structure-supported spiral systems equipped with conveyor belting featuring Intralox’ patented DirectDrive System.
Peiffer brings more than ten years of experience to Bunting Magnetics, including an extensive background in accounting, finance, analysis and acquisitions.
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