The Industrial Products sector is currently the fifth-ranked sector out of 16 Zacks sectors and several manufacturing stocks are standing out in particular.
John Bean (JBT) expects to close the Marel deal by the end of 2024, creating a combined company, JBT Marel Corporation, with estimated revenues of around $4 billion.
CHICAGO, June 20, 2024--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Icelandic Financial Supervisory Authority of the Central Bank of Iceland (FSA) has approved the offer document and prospectus related to JBT’s voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (ICL: Marel). JBT will officially launch the offer on Monday, June 24, 2024.