Leading global provider of advanced equipment
and systems for the food processing industry


Investor News

19.06.2007

Marel ehf. acquires Maritech's distribution and service divisions

A Marel hf subsidiary has purchased the distribution and service divisions of Maritech in Norway from AKVA Group ASA. In future, Marel Food Systems will handle distribution of group products in Norway.

Maritech has been the agent for Marel Food Systems in Norway for 20 years, playing a large role in creating a strong market position for the company’s products there. Nineteen employees of Maritech’s distribution division that have been involved in sales and services of Marel Food System products will continue working. Also included in the acquisition are liquid assets that have been part of operations.

Marel Food Systems will take over operations on 1 September 2007.

The acquisition is part of the company’s new strategy to own all distribution and sales companies. Currently, Marel Food Systems operates 24 sales and distribution operations worldwide.

The purchase will have an insignificant impact on the company’s turnover.

About Marel Food Systems

Marel Food Systems develops and markets an extensive range of equipment for all fields of the food processing industry. The company is made up of four elements that form an integrated whole: Marel hf. in Iceland, Carnitech A/S in Denmark, AEW Delford Systems Ltd in Britain and Scanvaegt International A/S in Denmark.

Hörður Arnarson is the CEO of Marel hf.

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Helga Bjork Eiriksdottir
Investor and Public Relations Manager

E-mail:
helga.eiriksdottir@marel.com
Tel.: +354 563 8543

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Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries. Our brands – Marel, Stork Poultry Processing and Townsend Further Processing – are among the most respected in the industry. Together, we offer the convenience of a single source to meet our customers’ every need. With offices and subsidiaries in over 30 countries and a global network of more than 100 agents and distributors, we work side-by-side with our customers to extend the boundaries of food processing performance.

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