The transaction is effective immediately.
Danish portioning technology supplier Borncut, has sold the majority of its shares to processing equipment supplier IB Food-Machines, headquartered in the Netherlands.
Borncut, established in 2016, has gained prominence in the fixed-weight portioning market, building on the expertise from the development of the first portioner, the Norfo, and drawing on knowledge from Scanvaegt and Marel.
The company manufactures various portioning machines, infeed systems, weighing, and grading solutions, distributing its products globally.
Gorm Sørensen, CEO and co-founder of Borncut, emphasized the importance of finding a buyer who values the company’s employees and culture. “IB Food-Machines has been pivotal in supporting our sales in Europe. We chose Ingmar Baars and his team because they understand the value of our company, its products, and its culture,” Sørensen said.
Borncut’s operations will remain on the Danish island of Bornholm, with current shareholders retaining a minority stake. The company plans to utilize IB Food-Machines’ expertise to enhance its sales, service, and manufacturing capabilities.
Ingmar Baars, owner of IB Food-Machines, described the acquisition as a significant milestone. “We are excited to introduce Borncut’s exceptional products to customers worldwide. Borncut’s engineering and performance are far superior to the competition,” Baars said.
