GARDABAER, Iceland — Marel has announced that it has agreed to acquire MAJA, a German food processing equipment manufacturer. The transaction is subject to anti-trust approval and customary closing conditions and is expected to close in the third quarter of 2018.
The acquisition is in line with Marel’s strategic objective to be a full-line supplier of advanced food processing solutions and standard equipment and further strengthen its global market presence, the company said.
Since it’s founding in 1955, MAJA has been a manufacturer of food processing machinery specializing in skinning and portioning with a main focus on the meat market as well as ice machines for preservation of fresh food.
Based in Kehl-Goldscheuer, Germany, MAJA has approximately 200 employees and annual revenues of about 30 million euro.
“MAJA’s innovative product range is a good fit to Marel and we have great respect for the technical capabilities their dedicated team has built up over the years,” said Arni Oddur Thordarson, Marel CEO. “We know each other well as MAJA and Sulmaq, Marel’s subsidiary in Brazil, have been partners for years in Latin America. By joining forces and further building on MAJA’s product offering and regional presence, we continue to increase scale to better serve customer needs and drive innovation. This bolt-on acquisition supports Marel in achieving its ambitious goals for future growth and continuing to deliver value for customers.”
Marel also noted that it aims to utilize MAJA’s innovation and manufacturing site as an addition to its existing production sites. Also, MAJA’s management team will stay on board and continue to lead the company.
“Together with Marel and with our high quality and innovative product portfolio we believe that we can add more value to our global customers, partners and employees by offering a comprehensive and cutting edge product and service portfolio,” said Joachim Schill and Reinhard Schill, owners and managing directors of MAJA. “Together we will play an even more important role in the international markets for skinning/derinding, portion control slicing and ice making solutions. For us, it’s a strategic and suitable succession solution, being a part of a larger organization also means that our employees will benefit from even more career opportunities.”
More information can be obtained at https://marel.com/.