07 Sep 2020
Marel to acquire Treif
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Marel is pleased to announce an agreement to acquire German food cutting technology provider TREIF Maschinenbau GmbH (“TREIF”). The two companies have a great strategic and cultural fit with complementary product portfolios and geographic presence, creating a strong platform to enhance further growth.
Marel has agreed to acquire the entire share capital of TREIF Maschinenbau GmbH, including all relevant business activities of the group. The purchase price on cash and debt free basis (enterprise value) will be paid with EUR 128 million in cash and 2.9 million Marel shares. The closing of the acquisition is subject to customary closing conditions, including anti-trust approval, which is expected to take place later in the year.
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