Marel has announced the acquisition of the German company TREIF Maschinenbau GmbH, which specializes in surgical solutions in the food industry.
The announcement states that the operations of Marels and TREIF coincide well both in terms of product range and market positioning, which creates a strong basis for continued growth.
TREIF is said to be a family business, founded in 1948 and headquartered in Oberlahr, Germany. It is a leader in surgical solutions and services in the food industry.
“TREIF has over 80 million euros in annual revenue and about 13 million euros in EBITDA. The company has about 500 employees in offices in Europe, the United States, and China. ”
The purchase price is said to be based on the total value and paid with EUR 128 million in cash and 2.9 million shares in Marel, which Uwe Reifenhäuser, the outgoing owner and CEO of TREIF, has committed to own for 18 months from the purchase at least.