Monday, October 2, 2023

Bettcher Industries acquired by KKR

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BIRMINGHAM, Ohio — Bettcher Industries Inc., a leading manufacturer and supplier of food processing equipment and associated aftermarket parts and services, has announced that its acquisition by KKR, a leading global private equity firm, is complete.

KKR announced its intention to acquire 100 percent of Bettcher Industries from Morgenthaler Private Equity in November 2021. The deal officially closed in December. Bettcher Industries is now part of KKR’s portfolio of industrial companies.

“We are thrilled to officially be part of the KKR team, and we can’t wait to combine our resources to continue building upon our legacy and leadership in the food processing equipment industry,” said Tim Swanson, who retains his role as CEO, Bettcher Industries. “Being part of KKR provides us access to expertise and a global reach that will accelerate the growth of our existing business, while also innovating to support an evolving customer base — all in the service of being able to better fulfill our mission of helping our customers feed the world.”

The acquisition includes all the following divisions within the Bettcher Industries portfolio:

  • Tooling Business — Bettcher, a global leader in handheld trimmers, tools and cutting consumables.
  • Process Solutions Group — Cantrell-Gainco, a manufacturer of processing equipment, yield enhancement and yield tracking systems for meat, poultry and fish operations; and ICB Greenline, an aftermarket replacement parts and service company.
  • Medical Device Business — Exsurco Medical, a medical device company that provides innovative products and services for surgical grafting and debridement.

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