Marel nets half of whitefish processing machinery maker
Fish processing machinery giant Marel has acquired a 50% stake in its fellow Icelandic firm, Curio, which makes innovative primary processing equipment for whitefish. Marel has an option to acquire the remaining 50% of shares in four years.
Marel said in a press release that the transaction is in line with its strategic objective to be a full-line supplier with standard and modular building blocks of advanced food processing solutions across the fish, meat and poultry industries.
Curio’s complementary product portfolio of heading, filleting and skinning solutions brings Marel closer to becoming a full-line provider to the global fish industry.
Seamless flow
The companies have a history of working together to deliver full-line projects around the world, including overarching Innova software from Marel to enable seamless flow across all processing stages.
Curio will utilise Marel’s sales and service network to extend its global reach.
“We are super excited to join forces with Curio,” said Marel chief executive Árni Oddur Thórdarson.
“In recent years, Marel and Curio have achieved great results collaborating on many full-line projects with some of the most forward-thinking fish processors in the industry.”
Curio chief executive Ellidi Hreinsson, who will stay with the company, said: “The acquisition is excellent news for our customers across the world as the synergies resulting from joining forces will fuel innovation and grow our solution offering. I truly look forward to working closer together and expect great things from our joint innovation efforts.”
