September 14, 2017

Marel closes Sulmaq acquisition
 

On July 26, 2017 Marel announced that the company had entered into an agreement to acquire Sulmaq. The conditions of the acquisition have been satisfied and the transaction successfully closed on August 31, 2017.

The Sulmaq acquisition is in line with Marel's strategy to be a full line supplier to the poultry, meat and fish industries globally. The company's strategic acquisitions have stimulated organic growth and resulted in advanced processing systems, adding value for both customers and shareholders. Together, Marel and Sulmaq will be "a powerful provider of full meat processing solutions".

Sulmaq will be run as standalone business with support from Marel while the companies work on optimising the synergies of their partnership. Sulmaq's leaders, Fernando Roos, Henrique Roos and Julio Roos, are said to be instrumental for the future of Marel and they will continue in their current positions at Sulmaq.

Arni Oddur Thordarson, CEO of Marel, said, "Both Sulmaq and Marel have played an important role in advancing the food processing industry. Together, we will strengthen our presence in Central and South America and be better positioned to invest in growth and innovation to add value for our customers in this 600 million people region."

The acquisition of Sulmaq will result in a stronger position for Marel in Central and South America.