07:14 AM EST, 01/03/2025 (MT Newswires) -- JBT Marel (JBT, JBTM) said Friday it completed the settlement of its acquisition of all issued and outstanding shares of Marel that were tendered before the Dec. 20 expiration of its voluntary takeover offer.

Shares of the combined company begin trading Friday under the new ticker symbol "JBTM" on the New York Stock Exchange.

JBT Marel Chief Executive Brian Deck said the combined food and beverage company will feature a "diverse solutions offering, enhanced operational scale, and deep application, service, and digital expertise."