Marel Food Systems and Stork N.V. announce that they have entered into an agreement on the acquisition of the Stork Food Systems division of Stork N.V.
The companies expect the transaction to be closed within several months, subject to anti-trust clearance and other customary closing conditions. Until then both companies will continue to operate independently as before.
Marel Food Systems is headquartered in Gardabaer, Iceland, and manufactures a wide range of machines and systems for most sectors of the food processing industry worldwide. Stork Food Systems, headquartered in Boxmeer, The Netherlands, is a global provider of solutions for the poultry, red meat and further processing industry.
After the acquisition Marel Food Systems will be able to offer a powerful combination of equipment and systems for primary, secondary and further processing, creating more value for customers with innovative equipment and solutions. The company will continue its strategy to grow as an important supplier to the food processing industry with a strong focus on research and development.
The businesses of Marel Food Systems and Stork Food Systems are complementary, with no overlap in product portfolios. Changes in respective markets will be minimal due to years of partnership between Marel and Stork. Both companies will ensure stable operations in their core fields and continue their close collaboration with customers.
Source: Marel Food Systems