ICELAND, Gardabaer. Marel is pleased to announce that the company has agreed to acquire Sulmaq. The aim is to strengthen Marel’s position in Central and South America and ensure better access to a large and growing market for beef and pork.
Sulmaq is based in the state of Rio Grande do Sul in southern Brazil. The company employs around 400 employees and their main solutions include hog slaughtering lines, cattle slaughtering lines, cutting and deboning, viscera processing and food logistics. Sulmaq has a large installed base throughout Central and South America and strong customer relationships. The company also develops and manufactures precision investment castings for various market segments. Sulmaq’s annual revenue is around 25 mill. €.
Marel is committed to investing in Brazil and the Central and South American market, as the company believes in its growth potential, advanced agriculture and the access to resources for the food industry.
The acquisition is expected to close in the third quarter of 2017, subject to customary closing conditions but anti-trust approval is not required. 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. Sulmaq will be run as standalone business with support from Marel while the companies work on creating the optimal set-up, which will enable them to serve their customers in the best possible way in the future.