Bettcher Industries, Inc., a manufacturer of protein processing equipment, has announced the signing of a definitive agreement under which it will acquire Frontmatec from Axcel.
The sale of Frontmatec to KKR-backed Bettcher Industries follows a successful growth and consolidation journey for Frontmatec, initiated by Axcel in 2016 with the merger of five companies within automation in the food industry and other hygiene-sensitive industries.
Frontmatec has entered into an agreement to acquire a majority stake in a Uruguayan manufacturer of meat processing and packaging systems for Latin America, Asuan S.A.
