Strategy
Leading global provider of systems, software and services
Mergers and acquisitions
Marel acquires a 50% stake in Curio
In 2019, Marel entered into an agreement to acquire a 50% stake in Curio, an innovative primary processing equipment provider for whitefish processing, with an option to acquire the remaining 50% of shares in four years.
“In recent years, Marel and Curio have achieved great results collaborating on many full-line projects with some of the most forward-thinking fish processors in the industry,” says Arni Oddur Thordarson, CEO of Marel.
The transaction is in line with Marel’s strategic objective to be a full-line supplier of advanced food processing solutions across the fish, meat and poultry industries. Curio’s complementary product portfolio of heading, filleting and skinning solutions takes Marel closer to becoming a full-line provider to the global fish processing industry.
"The acquisition is excellent news for our customers across the world as the synergies resulting from joining forces will fuel innovation and grow our solution offering," says Ellidi Hreinsson, CEO of Curio.
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Mergers and acquisitions
Marel acquires Cedar Creek Company
In the fourth quarter of 2019, Marel acquired Cedar Creek Company, an Australian provider of specialized software and hardware solutions to meat, poultry and seafood processors.
“Cedar Creek’s software solution is leading in its home market, and together, we have opportunities to continue to develop high-tech, data-driven solutions for food processors that merge connectivity, software and hardware to drive smarter processing,” says Arni Oddur Thordarson, CEO of Marel.
Cedar Creek’s software solutions integrate on-floor processing data capture, production control, head office reporting, and traceability throughout production. The company has built long-standing relationships with some of the largest meat and poultry processors in Australia and New Zealand. By acquiring Cedar Creek, Marel will expand its customer reach in the region.
“Our technical capabilities and complementary regional presence are a good fit, enabling us to increase scale and better serve customer needs,” says Lynne Lambert, Co-founder, and Director of Cedar Creek Company.
A prime example: How Marel fills value gaps
Another prime example: How Marel expands its geographical presence
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Every acquisition counts
Our priority is to use our strong financial position and to execute our strategy by reinvesting in our company. Additionally, we want to expand our business through strategic acquisitions. In acquisitions, our focus is on investing in new businesses that align with our values and complement our work. We are open to partnerships with companies that offer solutions, software or services within the value chain from post farm gate to dispatch in poultry, meat and fish processing. Future partners need to share our vision of transforming food processing, be a good cultural fit with Marel and generate healthy returns.
Our M&A team is experienced and flexible. We respect the heritage of the companies that we acquire and strive to build a shared future on a flexible and fair ground.
Please reach out to us through acquisitions@marel.com if you are interested in discussing an investment opportunity with us.