Bas Tromp, the company's founder, will continue as president of Tromp Bakery Equipment.
AMF president Ken Newsome said this strategic acquisition enables the company to leverage its position as a global leader in high-speed bread and bun bakery systems and expand its offering into the growing specialty bakery sector.
AMF Bakery Systems is a leading manufacturer of industrial baking systems, specializing in pan bread and bun manufacturing equipment. It has manufacturing plants in Richmond, Virginia; Atlanta, Geogria; Sherbrooke, Canada; and Tianjin, China.
Markel Ventures is a wholly-owned subsidiary of Markel, a diverse financial holding company.
