Marel hf., has purchased 76% of shares in POLS hf, Isafirdi, Iceland. The agreement is the first step in acquiring all of POLS’ shares. Marel will make an offer to other shareholders for the remaining shares.
POLS has specialized in the development and manufacturing of weighing and packing solutions for the fish processing industry.
The acquisition price is confidential and in part dependent on the company’s performance over the next three years. POLS’ turnover in 2003 was ISK 246 million with 32 employees.
Marel sees the acquisition as an opportunity to increase the synergy of purchasing, sales and marketing within the company.
With a new lease agreement Marel has secured the continued operation of POLS in Isafjördur, Iceland.
Turnover for the Marel Group in 2003 was EUR 108 million with 780 employees working for the company.
For more information on POLS please visit their website at http://www.pols.is