Marel completes acquisition of Cedar Creek
In less than one month, Marel has completed the acquisition of Cedar Creek, an Australian provider of specialized software and hardware solutions to meat, poultry and seafood processors. The agreement on the acquisition was signed on October 23 and the transaction was finalized on 15 November 2019.
"The acquisition is fully in line with Marel’s strategic objective to be a leading global supplier of advanced standard equipment, full solutions, software and services to the poultry, meat and fish industries. Cedar Creek offers specialized software solutions that integrate on-floor processing data capture, production control, head office reporting, and traceability throughout production,", announced Marel in a press release.
Through this acquisition, Marel is expanding its customer portfolio in Australia and New Zealand, a region where Cedar Creek has built long-standing relationships with some of the largest meat and poultry processors.
"Together, the companies will continue to develop innovative software solutions that allow food processors to collect and utilize data to improve yield, throughput, quality, food safety and efficiency," said the company.
Founded in 1999, Cedar Creek offers proprietary software solutions, covering a wide range of aspects of the production value chain. The technology is compliant with and recognized by various Australian government bodies including Meat & Livestock Australia (MLA).
The Cedar Creek team consists of about 20 employees, with head office in Brisbane in Australia and a support office in Auckland in New Zealand. Cedar Creek’s annual revenue is about AUD 5 million ($3.4 million).
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