Mecatherm parent company TMG gains majority stake in Canada’s ABI bakery equipment
TMG, parent company of bakery equipment business Mecatherm has acquired a majority stake in ABI Auto-Bake Industries (ABI), an established Canadian designer, manufacturer and integrator of industrial baking equipment, reports Neill Barston.
The move, supported by Unigrains, is set to strengthen the international presence of both companies and enable the development of a broader range of machinery to be developed for the sector.
Founded in 1989 and headquartered in Toronto, ABI is a premier North American bakery solutions provider recognised for its bagel and pretzel production equipment (make-up & baking), its robotic solutions, and its automation equipment (rack loading & unloading and pan & board management systems). Led by co-founder and CEO Alex Kuperman, ABI has sales of roughly $20 million, strong growth, and deep technical expertise supported by a team of nearly 80 people.
Together, the combined businesses now offer a complete end-to-end bagel line; many additional ABI products can be integrated into Mecatherm’s series of equipment. As TMG noted, many customers of the two companies are complimentary in terms of their profiles within the North American market. The acquisition enables Mecatherm to expand further around the globe to expand its present export market destinations, which presently standd at 80 countries.
Moreover, the relevance of this acquisition has already been demonstrated by the September 2020 launch of the Mecabagel line, a complete solution for the production of bagels from make-up to freezing. This new and unique solution combines the technologies of both companies, allowing clients to produce artisan-style bagels on high-performance industrial equipment.
Alex Kuperman, CEO of ABI, said: “With TMG and Unigrains, we have found partners who share our values and our culture. Beyond furthering innovation and enriching our complementary product and service offering, this transaction will greatly benefit the teams of both companies through the sharing of expert know-how and best practices. It will enable ABI to more seamlessly serve large, global customers and offer mid-sized industrial bakeries a wider variety of manufactured solutions. We are delighted to enter this new phase of our development as part of TMG.”
President of TMG and Mecatherm, Olivier Sergent, also welcomed the deal as a positive step forward for expanding the company’s global operations.
He added: “ABI’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 teams.”