 | |
| Type | Public |
|---|---|
| NYSE: JBT S&P 600 Component | |
| Founded | 1884 (as the Bean Spray Pump Company) 1928 (as Food Machinery Corporation) 2001 (spun off in FMC Technologies, Inc) 2008 (divested as JBT Corporation) |
| Headquarters | Three First National Plaza Chicago, Illinois, United States |
Key people | Brian A. Deck, President and Chief Executive Officer |
| Products | Food and beverage processing solutions, automated guided vehicle systems |
| Brands | A&B Process Systems, alco, AutoCoding Systems, Avure Technologies, Bevcorp, (C.A.T.), Double D, DSI, Formcook, FranRica, Fresh’n Squeeze, Frigoscandia, FTNON, MEPSCO, Northfield, PLF International, Prevenio, Prime Equipment Group, Proseal, Schröder, SF&DS, Stein, TIPPER TIE, Urtasun, Wolf-tec |
| Revenue |  $2,166 Million USD (2022) |
| $130.7 Million USD (2022) | |
Number of employees | approx 5,200 (2023) |
| Website | |
JBT Corporation, or John Bean Technologies Corporation, is a leading global technology solutions provider to high-value segments of the food and beverage industry. JBT Corporation was incorporated in 2008 when FMC Technologies divested its non-energy businesses. JBT Corporation is based in Chicago, Illinois. The company traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.
History
The Bean Spray Pump Company
Founded in 1884 as the Bean Spray Pump Company in Los Gatos, California[1] by orchardist John Bean.[2] The company's first product was a piston pump, which Bean invented the pump to spray insecticide on the many fruit orchards in the area. A Bean sprayer is on display at the Forbes Mill museum there.[3] Bean Avenue in downtown Los Gatos is named after John Bean.
FMC
In 1928, Bean Spray Pump purchased Anderson-Barngrover Co. and Sprague-Sells, and changed its name to Food Machinery Corporation, and began using the initials FMC. FMC received a contract to design and build landing vehicles tracked for the United States War Department in 1941. FMC also built the M113 (APC) Armored Personnel Carrier and the Bradley Fighting Vehicle as well as the XR311 at its former facility in Santa Clara, California. The troubled development of the Bradley was satirized in the 1998 HBO movie The Pentagon Wars. In the movie FMC was fictionalized as A.O.C corporation. Bean also manufactured fire fighting equipment in the 1960s through the 1980s under the FMC and the Bean names.
FMC also produced fire truck fire pumps and pumper bodies, and had an OEM arrangement with LTI (Ladder Towers Inc.) to market aerial ladders. In the early 1980s the Fire apparatus division of FMC tried to expand its role in aerial ladders on fire trucks, leveraging the Link-Belt crane division. FMC was ultimately unsuccessful in its expansion into production of aerial ladders. The FMC Fire Apparatus division was also ultimately shut down in 1990.[4]
Spinoffs
In 1946, FMC bought out Bolens Lawn And Garden Equipment. FMC changed names again in 1948, becoming Food Machinery and Chemical Corporation. In 1961 the name was changed to FMC Corporation.
In 1967, the FMC Corporation merged with the Link-Belt Company. The company produced FMC Link-Belt branded cranes and excavators. In 1986, the Link-Belt Construction Equipment Company was formed as a joint venture between FMC Corporation and Sumitomo Heavy Industries.
Between 1965 and 1985 FMC was the owner of the Gunderson metal works in Oregon USA, during that period it was known as the 'Marine and Rail Equipment Division of FMC' (MRED), it was sold in 1985 to The Greenbrier Companies.[5]
In the 1980s, 1990s, and 2000s (decade), FMC Corporation began spinning several of its divisions into separate companies, including United Defense and FMC Technologies, and selling its divisions, including the John Bean Company, now a subsidiary of Snap-on Equipment, a division of Snap-on. Bolens was sold to Troy Built in 1991.
On April 30, 2008, FMC Technologies announced the spinoff of its airport and food equipment businesses into a separate company named John Bean Technologies Corporation, headquartered in Chicago, Illinois. JBT is named after the spray pump inventor whose business was the foundation of FMC Corp.
Acquisitions
2015
- September: A&B Process Systems - processing systems for the beverage and food industries [6]
2017
- February: Avure Technologies, Inc. - high pressure processing (HPP) systems [7]
- July: PLF International Limited - powder filling systems for the global food and beverage markets [8]
2018
- January: Schröder Maschinenbau KG - complementary protein processing equipment which JBT Wolf-tec has successfully distributed for many years
2019 [9]
- June: Proseal - tray sealing technology for the food industry
2021
- March: AutoCoding Systems - label inspection and verification software solutions
- June: Prevenio - innovative food safety solutions primarily for the poultry industry
- November: Urtasun - fruit and vegetable processing solutions
2022
- July: Alco-food-machines - further food processing solutions and production lines
- September: Bevcorp - equipment and aftermarket support for the beverage processing and packaging market in the United States
Organization
JBT designs, produces, and services products and systems for a broad range of end markets, generating roughly one-half of annual revenue from recurring parts, service, rebuilds, and leasing operations.
JBT also has an automated guided vehicle (AGV) business focused on material handling in the automotive, food & beverage, manufacturing, printing, warehousing, and hospital industries.
References
- ↑ Los Gatos city ordinance honoring the history of the Almond Grove neighborhood Archived 2010-05-28 at the Wayback Machine
- ↑ "Los Gatos city ordinance honoring the history of the Almond Grove neighborhood" (PDF). City of Los Gators. Archived from the original (PDF) on 2010-05-28. Retrieved 2022-02-05.
- ↑ Forbes Mill museum (see photo of Bean sprayer) Archived 2009-07-28 at the Wayback Machine
- ↑ Aerial Fire Trucks, By Larry Shapiro, page 61.
- ↑ E.M. Lundquist; Bruce Harmon; Kathy Hinson (February 2000). "Gunderson : A history of an Oregon company" (PDF). www.gbrx.com. Gunderson, The Greenbrier Companies. Archived from the original (PDF) on 2010-11-05. Retrieved 2011-09-02.
- ↑ "JBT Corporation Signs Definitive Agreement to Acquire Leading Liquid Foods Solutions Provider". Yahoo Finance. Retrieved 29 October 2015.
- ↑ "JBT Corporation Acquires Avure, a Leading Provider of High Pressure Processing Solutions". PR Newswire. 2017-02-27.
- ↑ "JBT Corporation Acquires PLF International Limited". PR Newswire. 2017-07-31.
- ↑ "JBT Corporation Completes Proseal Acquisition, and announces the Acquisition of Prime Equipment Group, Inc". PR Newswire. 2019-06-03.