Marel Cedar Creek Company acquired
The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2019.
Cedar Creek offers specialized software solutions that integrate on-floor processing data capture, production control, head office reporting, and traceability throughout production. Marel’s Innova Food Processing Software provides full traceability throughout the production process and enables food processors to improve performance and enhance productivity. Innova integrates seamlessly with Marel’s product portfolio of stand-alone equipment and full-line solutions to poultry, meat and fish processors. Cedar Creek’s technical expertise and solutions are complementary to Marel’s commitment to innovation and Innova software. Together, the companies will continue to develop innovative software solutions that allow food processors to collect and utilize data to improve yield, throughput, quality, food safety and efficiency.
Cedar Creek 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. Jointly the companies will strengthen customer support with integrated software and hardware solutions for food processors.
Cedar Creek’s experienced management team will stay on board and ensure business continuity for employees and customers.
Árni Oddur Thórdarson, CEO of Marel comments: “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. With Cedar Creek’s strong market position in Australia and New Zealand, Marel further strengthens its global sales and service network to deliver value for customers.”
Lynne Lambert, co-founder and Director of Cedar Creek Company explains: “With this acquisition we join forces. Our technical capabilities and complementary regional presence are a good fit, enabling us to increase scale and better serve customer needs. We will share best practices, deepen our product expertise and leverage our combined resources to offer best-in-class solutions.”