Owner of Mecatherm acquires majority stake in Canadian-based ABI LTD
TGM, parent company of Mecatherm, a leader in industrial baking equipment, has acquired a majority stake in ABI Auto-Bake Industries Ltd.
ABI is a Canadian designer, manufacturer and integrator of industrial baking equipment.
Supported by Unigrains, this transaction is expected to strengthen the international footprint of both Mecatherm and ABI LTD, as well as expand their product offerings of innovative solutions for industrial bakers.
Led by co-founder and CEO Alex Kuperman, ABI LTD has sales of roughly 20 million CAD, strong growth, and deep technical expertise supported by a team of nearly 80 people.
In a statement, Mecatherm explains that “several synergies have already been identified between Mecatherm and ABI LTD within TMG”.
- Product range: Together, both companies now offer a complete end-to-end bagel line.
- Customers: Complementarity in the profile of past and current customers and access for Mecatherm to medium and large-sized companies and North American groups across the baking industry.
- Geography: A new international dimension to promote the development of Mecatherm in North America and of ABI LTD in the 80 countries in which Mecatherm equipment currently operates.
Olivier Sergent, President of TMG and MECATHERM, commented: "ABI LTD's know-how for integrating robotic solutions in production lines, its leading position in bagels in North America and the reliability of its equipment – widely recognised by the market – convinced us. We are looking forward to this deeper collaboration with Alex Kuperman and the ABI LTD teams."