Keeley Funds Comments on John Bean Technologies

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Feb 12, 2016

The Fund’s second largest contributor was John Bean Technologies (JBT, Financial), which increased over 30 percent and added 42 basis points of performance to the Fund. The provider of solutions for food processing and airport transportation continued its impressive string of exceeding earnings estimates by delivering results in the third quarter that were 12 percent ahead of expectations. The company continues to see strong FoodTech sales and they also made an accretive acquisition of A&B Process, which makes fluid food equipment.

From the Keeey Small Cap Dividend Value Fund fourth quarter 2015 commentary.