Tuesday, June 18, 2024

Marel successfully closes acquisition of Wenger Mfg.

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BOXMEER, Netherlands — Marel has successfully closed the $540 million acquisition of Wenger Manufacturing LLC. The agreement to acquire Wenger, as announced on April 27 was subject to customary closing conditions which have been fully satisfied as of June 9, such as anti-trust and approval from Wenger’s shareholders.

Highlights of the transaction include:

  • Wenger is to form a new business segment and fourth pillar of the business model in addition to poultry, meat, and fish, and part of segment reporting as of Q3 2022 financial results.
  • The acquisition is expected to be margin and earnings. . .

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