TMG, owner of MECATHERM, acquires a majority stake in Canadian-based ABI LTD
This acquisition strengthens the international footprint of MECATHERM and ABI LTD and grows their product offerings of innovative solutions for industrial bakers.
TMG, owner of MECATHERM, has acquired a majority stake in ABI Auto-Bake Industries Ltd. ("ABI LTD"), a Canadian designer, manufacturer and integrator of industrial baking equipment. Supported by Unigrains, this transaction strengthens the international footprint of both MECATHERM and ABI LTD and expands their product offerings of innovative solutions for industrial bakers.
Founded in 1989 and headquartered in Toronto, ABI LTD is a premier North American bakery solutions provider recognized 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 LTD has sales of roughly 20 million CAD, strong growth, and deep technical expertise supported by a team of nearly 80 people.