"We are pleased to announce the agreement to acquire German processing equipment provider TREIF, a true hidden champion in our industry. With this transaction, two technological leaders with a shared passion for innovation and a vision to transform the way food is processed, join forces.
We have followed TREIF for years and been impressed by their cutting-edge technology, talented team and success in customer engagement, ranging from small shops to leading blue chip international food companies. Together, we are better positioned to meet customer needs in terms of automation, flexibility and time to market for consumer-ready products. TREIF’s leading cutting technology is highly complementary to Marel’s existing product portfolio. TREIF’s largest business segments today are within meat and baked goods, and we believe their technical capabilities can be cascaded to Marel’s poultry and fish segments and accelerate our innovation roadmap. TREIF’s installed base is substantial and by leveraging Marel’s digital platform and global reach with local teams in all key regions, we believe that we can drive further growth and aftermarket potential.
The acquisition of TREIF is in line with our 2017-2026 growth strategy. There are ample consolidation opportunities in our industry, and Marel has the commitment and capital structure to pursue opportunities that support our ambitious growth target of reaching EUR 3 billion in revenues by 2026."