Bettcher Industries, a manufacturer of protein processing equipment and portfolio company of KKR, has purchased Frontmatec from Axcel.
Frontmatec is a manufacturer of end-to-end automated services for pork and beef processing.
“Frontmatec has built a leading brand and position by enabling customers to continuously improve the productivity and safety of their workforce. The Company’s capabilities in automation and its global presence make it a superb fit for the Bettcher platform, and we are excited to work with Allan and his team to extend our collective innovation leadership,” said Tim Swanson, CEO of Bettcher.
Nordea, Kirkland & Ellis and Moalem Weitemeyer served as advisors to Bettcher and KKR.