TMG acquires a majority stake in Canadian-based ABI LTD

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TMG 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 – Together Means Greater, owner of MECATHERM, has acquired a majority stake in ABI Auto-Bake Industries Ltd. (“ABI LTD”), a leading 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 recognised for its bagel and pretzel production equipment (make-up & baking), its robotic solutions, and its automation equipment (rack loading and unloading and pan and 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.

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 LTD, declared: “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 LTD 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.”

Olivier Sergent, President of TMG and MECATHERM, declared: “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.”

Jean-François Laurain, CEO of Unigrains, declared: “With complementary positions and several common projects, this operation offers many advantages for the development of both MECATHERM and ABI LTD. This acquisition is fully in line with our vision for the global industrial baking equipment industry, a strategic outlet for French agricultural productions.”

 

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Media contact

Kiran Grewal
Editor, International Bakery

Tel: +44 (0) 1622 823 922
Email: editor@in-bakery.com