Marel acquire Sulmaq
The aim for the aquisation is to strengthen the position of Marel in Central and South America and to ensure a better access to one of the largest markets for beef and pork. Sulmaq’s annual revenue is around 25 million. The acquisition is expected to close in the third quarter of 2017, subject to customary closing conditions. In the short term, the acquisition is not expected to have material impact on Marel’s financial results.
Established in 1971, Sulmaq is at the forefront of providing primary processing solutions to the pork and beef industries in Central and South America. Marel is the leading global provider of advanced processing systems and services to the poultry, meat and fish industries. Together, Marel and Sulmaq will be at the forefront of developing innovative, full-line solutions and equipment for meat processors around the globe.
Marel’s market position is strong and conditions are good which results in a 17% increase in order intake in the first half of the year compared to 2016. Marel is committed to investing in Brazil and the Central and South American market, as the company believes in its growth potential and the access to resources for the food industry.