Key Takeaways
- Grain & Protein Technologies has entered an agreement to acquire FoodTech Equipment, a division of Munters FoodTech.
- The acquisition will expand the companies' agribusiness equipment portfolio, particularly in ventilation, air quality, and climate control solutions.
- Transaction expected to close in Q2 2025, subject to regulatory and customary closing conditions.
- 400 employees from FoodTech Equipment will transition to Grain & Protein Technologies.
- Peter Lindquist, CEO of FoodTech Equipment, will step down after closing but remain in an advisory role.
Strategic Expansion in Agribusiness Equipment
Grain & Protein Technologies, a global provider of grain storage, seed processing, and protein production equipment, has announced an agreement to acquire FoodTech Equipment, the agribusiness division of Munters FoodTech. The Sweden-based company specializes in climate control and ventilation solutions for poultry, swine, and greenhouse operations.
The acquisition aims to enhance the companies' capabilities in controlled environment agriculture, expanding its presence in protein production and livestock farming. The transaction is expected to be finalized in Q2 2025, pending customary closing conditions.
“This investment in a heritage platform in the controlled environment agriculture sector offers us a great opportunity to strengthen our product offerings and create more value for our customers.” – Jacob Thomas, CEO, Grain & Protein Technologies
Enhancing Capabilities in Climate-Controlled Agriculture
FoodTech Equipment has over 70 years of expertise in air quality, movement, temperature control, and ventilation systems, supporting livestock and greenhouse operations across 86 countries. These solutions complement Grain & Protein Technologies' existing portfolio, offering farmers and agribusinesses efficient tools to optimize yields and operational efficiency.
Jacob Thomas, CEO of Grain & Protein Technologies, emphasized the strategic importance of the acquisition: “The Protein segment is experiencing many secular tailwinds, including lower feed costs, population growth, and increasing incomes per capita. This acquisition allows us to diversify our business and enhance our mission-critical food production and storage solutions.”
Leadership Transition and Integration
Following the acquisition, Peter Lindquist, CEO of FoodTech Equipment, will step down from his operational role but will continue advising the company post-transaction.
“After a strong year financially, I’m pleased to hand over the Munters FoodTech Equipment team to a strong owner with high ambitions for growth.” – Peter Lindquist, CEO, FoodTech Equipment
The 400 employees from FoodTech Equipment will transition to Grain & Protein Technologies, integrating their expertise into the company’s expanding agribusiness portfolio.
