Investors

Marel acquires part of Carnitech’s activities

08 Jul 2013

Marel has reached an agreement with the administrator of the Carnitech A/S estate to acquire Carnitech’s mixing and grinding activities, following its bankruptcy on 21 June 2013. The amount of the transaction is approximately EUR 1.5 million. Although the transaction is small in size, the acquired part of the Carnitech operations is a good strategic fit to Marel making the company’s market position stronger.

CT 3200 Mixer-grinder

Prior to its bankruptcy, Carnitech was in the ownership of American Industrial Acquisition Corporation (AIAC) – a privately held industrial group who acquired it from Marel in 2010.

 

“The mixing and grinding activities fit well with Marel’s strategy of being the customer’s choice in the industries the company operates in – fish, meat, poultry and further processing. From our previous ownership of the company we know that there are good capabilities at Carnitech which will enable us to serve our customers even better and provide them with complete processing solutions”,
says Sigsteinn Gretarsson, Chief Operating Officer of Marel.

By adding the mixing and grinding products to its portfolio, Marel strengthens its offering in the meat and further processing markets as Carnitech was a strong supplier of mixing and grinding equipment. Following the transaction, Marel will be able to offer positions to a very limited number of former Carnitech employees, matching the mixing & grinding activity.