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Marel inks deal for German meat-cutting tech business

Marel will acquire TREIF, which will bring further cutting, portioning, dicing and slicing options to Marel's portfolio, for €128m, combined with a release of 2.9m shares

By Undercurrent News | Sept. 4, 2020 10:22 BST
Marel headquarters in Reykjavik
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The Icelandic meat processing technology manufacturer Marel has agreed to acquire a German food cutting tech firm, TREIF Maschienbau, it announced.

Marel will buy 100% of TREIF for the sum of €128 million, alongside a separate release of 2.9m shares, it said, with the closing of the acquisition subject to the customary closing conditions [...]

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