Food System Companies Join Forces
28 Nov 2007
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. Stork Food and Dairy Systems – part of the Stork Food Systems Group – manufactures products for the fast growing dairy, juice, food processing and pharmaceutical segments.
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 innovator in the food processing industry with a strong focus on research and development.
“The strong innovation capabilities of Stork Food Systems make it a perfect partner for Marel Food Systems,” says Dr. Hordur Arnarson, President and CEO of Marel Food Systems. “Our good cooperation over the past decade has generated great respect for our colleagues at Stork Food Systems and shown us the potential for growth and success. The product portfolios of the two companies are complementary with no overlap. We need size, constant innovation and a global presence to succeed in our competitive industry. After the acquisition we will be better equipped to enter emerging markets such as Asia, Eastern Europe and South America. The step we have taken now will create an opportunity for us to optimize our production capacity and technological efficiency.”
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.
“We are pleased to join Marel Food Systems,” says Theo Hoen, President of Stork Food Systems. “It has always been Stork Food Systems’ mission to provide its customers with innovative solutions to strengthen their competitive advantage and to continue adding value to their production processes. Marel Food Systems’ continuous innovation and strong reputation for reliable products in the marketplace is therefore a perfect fit with Stork Food Systems. I also would like to emphasize that Marel and Stork have worked together very successfully for almost a decade. From our previous experience we feel that the two companies have an excellent cultural fit.”
Marel Food Systems is one of the world’s most innovative manufacturers of high-tech equipment for the food processing industry. The company provides advanced systems to all segments of the food processing industry, increasing the quality and value of fish, meat, poultry and other prepared food products around the world. The company’s innovative solutions – from single machines to turnkey processing plants – always result in significant additional value for processors, retailers and end consumers.
Marel Food Systems consists of four main business units that are complementary to each other: Marel ehf in Iceland, AEW Delford Systems Ltd in the UK, Carnitech A/S in Denmark and Scanvaegt International A/S in Denmark. Marel Food Systems operates in 24 countries and has a network of agents and distributors covering over 40 countries worldwide. The company stays on the cutting edge by investing far more than the industry average in research and product development.
“We are innovative in everything we do and we provide outstanding new solutions and services to the food processing industry in order to create greater value for all our stakeholders.”
About Stork Food Systems
Stork Food Systems develops, produces and maintains industrial systems and production lines for the processing of poultry, meat and liquid food products. Stork Food Systems offers innovative systems and equipment to the primary and further processing of poultry, as well as equipment for skinning and sausage production, convenience food items and meal components. Stork Food Systems has corporate headquarters in the Netherlands and operating companies in the Netherlands, US, Spain and Brazil. The company employs 1.875 people around the world.
Stella Björg Kristinsdóttir