AMF completes acquisition of BakeTech
Sept. 6, 2011
by Eric Schroeder
RICHMOND, VA. — AMF Bakery Systems, a subsidiary of Markel Ventures, has completed the acquisition of Baking Technology Systems, Inc. (BakeTech). Based in Tucker, Ga., BakeTech is a baking equipment supplier of proofers, ovens, pan cooling systems, product cooling systems, control stations and automatic fermentation systems.
The transaction was first announced in mid-July.
“During this process we received clear confirmation that this combination with AMF will best serve our customers and the people who helped build this company,” said Geri Walker, one of BakeTech’s founders and president of AMF/BakeTech. “We have very similar values with the folks at AMF when it comes to innovation, taking care of our people, and especially taking care of our customers.”
Ken Newsome, president of AMF, added, “This strategic addition accomplishes our goal of being a global leader in complete high-speed bread and bun bakery systems. BakeTech has become a leading supplier of continuous baking systems, and we are grateful to have this leading edge company join the AMF family.”
A major manufacturer of high speed baking equipment, AMF’s offerings cover mixing, dividing, make-up, proofing, baking, cooling, packaging, basket/case loading and product distribution.