Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by ‘Bettcher Industries, Inc’ of the company ‘Provisur Technologies, Inc.’

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘summary of the operation’ below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of the companies and groups concerned:

• The ultimate acquirer: ‘KKR Co. Inc’;
• The direct acquirer: ‘Bettcher Industries, Inc’;
• The target: ‘Provisur Technologies, Inc’.

Nature of the operation:

• Exclusive takeover.

Economic sectors concerned:

• Market for food processing equipment.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. October 20, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project consisting of the exclusive takeover by the company ‘Bettcher Industries, Inc’ of the company ‘Provisur Technologies, Inc’.

‘Bettcher Industries, Inc.’, headquartered in Birmingham, Ohio, United States, is part of the ‘Fortifi Food Processing Solutions’ group (Fortifi), which is a global manufacturer and supplier of food processing equipment and automation solutions. ‘Fortifi’ manufactures and supplies cutting tools used in food processing operations, as well as spare parts and associated consumables. The cutting tools manufactured by ‘Fortifi’ are also used in industrial applications, including rubber and composite material production. ‘Fortifi’ also provides post-harvest processing, protein processing, and packaging solutions. Fortifi is indirectly majority owned by investment funds, vehicles, and/or accounts advised and managed by KKR.

‘KKR Co. Inc’ is an international investment company that offers alternative asset management services, as well as capital markets and insurance solutions. ‘KKR’ oversees funds that invest in private equity, credit, and real assets, and has strategic partners managing hedge funds.

‘Provisur Technologies, Inc’ is a Delaware company headquartered at 222 North LaSalle Street, Suite 720 Chicago, IL 60601 United States, under registration number 4035086. ‘Provisur’ is an international manufacturer of food processing equipment. ‘Provisur’ serves its customers worldwide through a network of sales and service points. The ‘Provisur’ portfolio includes products and solutions that meet various industrial needs in food processing.

 

Done in Rabat, October 9, 2025