Marel agrees to acquire German company MAJA
Marel announces that it has agreed to acquire MAJA, a German food processing equipment manufacturer, this acquisition being in line with Marel’s strategic objective to be a full-line supplier of advanced food processing solutions and standard equipment, and further strengthen the company's global market presence.
Marel is a leading global provider of advanced processing systems and services to the poultry, meat and fish industries with annual revenues of EUR 1,038 million in 2017. Marel invests around 6% of revenues in research and development annually, which translated into approximately EUR 60 million in 2017. Marel’s full-line approach includes standalone equipment, individual systems and full production lines all controlled and integrated with Innova, Marel’s overarching software solution.
From this perspective, MAJA's MAJA’s technological leadership and strong market position is a good fit for Marel’s commitment to innovation and extensive global presence. Marel also aims to utilize MAJA’s high-quality innovation and manufacturing site as an addition to existing production sites.
"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. 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", declared Arni Oddur Thordarson, CEO of Marel.
Since its founding in 1955, MAJA has been a highly innovative manufacturer of food processing machinery, specializing in skinning and portioning with a main focus on the meat market as well as ice machines for the preservation of fresh food. Based in Kehl-Goldscheuer in Germany, MAJA has around 200 employees and annual revenues of roughly EUR 30 million in 2017.
"Together with Marel, 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", Joachim Schill & Reinhard Schill, owners and managing director at MAJA said. The deal offers MAJA’s experienced management team the chance to stay on board and continue to lead the company.
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