TOMRA acquires BBC Technologies
Norwegian-listed company, TOMRA has announced it has acquired BBC Technologies - a Hamilton based, but globally focused, developer and manufacturer of leading fruit sorting technology.
The deal sees BBC Technologies' precision grading systems and innovative punnet and clamshell filling solutions for blueberries and other small fruits join TOMRA Food's own fruit inspection and grading technology portfolio.
The deal follows TOMRA’s acquisition of Auckland-based fruit sorting company Compac in 2016, and is aligned with the company’s strategy to invest in well-managed businesses while adding to its capability. BBC Technologies shares with TOMRA a deep dedication to enhancing grower's abilities to deliver consistent, high quality fruit and berries to an ever more discerning consumer.
MinterEllisonRuddWatts advised TOMRA on this latest transaction as well as the Compac purchase, with Partner Cameron Taylor leading the firm’s corporate deal team, assisted by Special Counsel Benjamin Jacobs.
"We are very proud to have been part of the team helping to broker this significant deal for TOMRA," says Cameron Taylor.
"The acquisition highlights the success of many New Zealand companies internationally and their appeal as investment opportunities.
"It has been a pleasure working with the TOMRA Food team as they have developed a world leading small-fruit sorting and packaging portfolio for large to small pack-houses, and for the growing number of repack and fresh produce distribution centres worldwide."