Samiksha Jaiswal (Editor)

JBT Corporation

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Covid-19
Type  Public
Number of employees  3,500
Founded  2008
Parent organization  FMC Technologies

Traded as  NYSE: JBT S&P 600 Component
Key people  Tom Giacomini, President, CEO and Chairman
Products  Food processing equipment Jetways
Revenue  $984.2 Million USD (2014)
Net income  $30.8 Million USD (2014)
Stock price  JBT (NYSE) US$ 88.45 +0.30 (+0.34%)17 Mar, 12:20 PM GMT-4 - Disclaimer
Headquarters  Chicago, Illinois, United States
CEO  Thomas W. Giacomini (9 Sep 2013–)
Subsidiaries  John Bean Technologies NV

Jbt corporation


JBT Corporation is an American food processing machinery and airport equipment company. JBT Corporation was incorporated in 2008 when FMC Technologies divested its non-energy businesses. JBT Corporation is based in Chicago, Illinois. Its Airport Equipment Division manufactures and services the Jetway brand of airport passenger loading bridges and other Ground Support Equipment such as Cargo Loaders, Deicers and pushback tractors.

Contents

Mark longacre of jbt corporation and agvs


The Bean Spray Pump Company

Founded in 1884 as the Bean Spray Pump Company in Los Gatos, California by John Bean. The company's first product was a piston pump. 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. 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.

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.

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

On August 3, 2015, JBT completed the acquisition of Stork Food & Dairy Systems, a Dutch company specializing in processing and filling equipment primarily for the dairy and juice industry that was previously part of Stork B.V.

On September 2, 2015, JBT announced the acquisition of A&B Process Systems, a privately held fabrication and installation company located in Wisconsin.

Organization

JBT Corporation is organized in two business segments: JBT FoodTech and JBT AeroTech.

JBT FoodTech provides solutions and services for food processing companies. Markets served include:

  • freezer solutions for the freezing and chilling of meat, seafood, poultry, ready-to-eat meals, fruits, vegetables and bakery products
  • protein processing solutions that portion, coat and cook poultry, meat, seafood, vegetable and bakery products
  • in-container processing solutions for fruits, vegetables, soups, sauces, dairy and pet food products as well as ready-to-eat meals in a wide variety of modern packages
  • fruit processing solutions that extract, concentrate and aseptically process citrus, tomato and other fruits
  • JBT AeroTech markets solutions and services to airport authorities, airlines, airfreight and ground handling companies. Product offerings include:

  • ground support equipment for cargo loading, aircraft deicing and aircraft towing
  • gate equipment for passenger boarding and on-ground aircraft power and cooling
  • airport services for maintenance of airport equipment, systems and facilities
  • JBT AeroTech also supplies the United States military with equipment for cargo loading, aircraft towing, and aircraft cooling.

    In addition, JBT Corporation has an automated guided vehicle business that supplies solutions for material handling in the automotive, printing, food & beverage, manufacturing, warehouse, and hospital industries.

    References

    JBT Corporation Wikipedia


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