Deal Details

Provisur to be Acquired by Fortifi

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Summary

About

Provisur Technologies is a leading provider of further processing solutions to the protein industry, including advanced solutions in forming, slicing, mixing, grinding, separating and tumbling technologies for beef, pork, poultry and other proteins. Provisur specializes in innovative industrial food processing machines, integrated production systems and aftermarket parts for a wide range of end protein products. Provisur has a portfolio of well-known brands across multiple categories, including Further Processing (Formax® and Weiler®), Slicing (Cashin®, Formax®, Hoegger®), Separation (AM2C®, Beehive®, Hoegger®) and DMC (Lutetia®). Provisur is headquartered in Chicago, Illinois.

Operating worldwide, Fortifi is a leading food processing automation solutions platform. Fortifi serves customers through its global manufacturing and service footprint, and drives improvements in food quality and yield, labor productivity and worker safety for many of the world’s largest food producers. Fortifi’s growing portfolio includes Bettcher, Frontmatec, MHM Automation, Nothum, REICH, Kais Software, LIMA, Wyma, Area 52, Cantrell Gainco, Greenline and BANSS. Fortifi is headquartered in The Woodlands, Texas.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR oversees more than USD $215 billion in private equity assets under management and has a 49+ year history of private equity investing. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR is headquartered in New York, New York.

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