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. The companies will continue to work on what both have always prioritized; to be the best provider they can for their current and future customers.
Sulmaq will be run as standalone business with support from Marel while the companies work on optimizing the synergies of their partnership. Sulmaq’s leaders, Fernando Roos, Henrique Roos and Julio Roos, are instrumental for the future of Marel and they will continue in their current positions at Sulmaq.
Arni Oddur Thordarson, CEO of Marel:
"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."
Marel’s growth and success in recent years has been driven by investments in innovation, market penetration and through the emphasis on fostering customer relationships. The acquisition of Sulmaq will result in a stronger position for Marel in Central and South America.
Marel and Sulmaq will work together to further advance the meat processing industry, focusing on helping customers produce safe and affordable food in a sustainable way.
For further information please contact:
Audbjorg Olafsdottir, Marel Corporate Director of Investor Relations and Communications. E-mail: firstname.lastname@example.org. Tel.: +354 563 8626. Mobile. +354 853 8626.