Marel to acquire food cutting tech provider TRIEF

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The two companies have a great strategic fit with complementary product portfolios and geographic presence

Marel, headquartered in Iceland, has recently announced an agreement to acquire German food cutting technology provider TREIF Maschinenbau GmbH (TREIF). The two companies have a great strategic and cultural fit with complementary product portfolios and geographic presence, creating a strong platform to enhance further growth.

Germany based TREIF is at the forefront in solutions and services focused on portioning, dicing, slicing and cutting of food. Its long-standing customer base is diversified, ranging from specialist retailers to blue-chip international food processors. 

TREIF is a great addition to Marel, strengthening the full-line product offering, increasing standard equipment sales and leveraging aftermarket potential with Marel’s extensive global reach and local services in all regions. The transaction will enhance Marel’s full-line offering for the meat industry, as well as its other segments focused on improving automation, food safety, and flexibility for consumer-ready product offerings.

Marel has agreed to acquire the entire share capital of TREIF, including all relevant business activities of the group. The purchase price on cash and debt-free basis (enterprise value) will be paid with EUR 128 million in cash and 2.9 million Marel shares.

The acquisition will be financed through Marel’s strong balance sheet, existing credit facilities and available treasury shares that Uwe Reifenhäuser, current owner and CEO, will hold with a lock-up period of 18 months. The acquisition is fully in line with Marel´s previously announced 2017-2026 growth strategy, of 12% average annual increase in revenues through a balanced mix of organic and acquired growth.

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