Tipper Tie provides engineered processing and packaging solutions, with four manufacturing locations around the world.
Chicago-based JBT Corp. signed a definitive agreement to purchase Tipper Tie, Inc. from Dover, Downers Grove, Ill., for $160 million. The transaction is expected to close in the fourth quarter of 2016, subject to customary regulatory approvals.
Tipper Tie is an Apex, N.C.-based provider of engineered processing and packaging solutions, with four manufacturing locations around the world.