Marel adds Carnitech’s mixing and grinding back into its portfolio

The Icelandic fish, poultry and meat equipment, systems and further processing company Marel has strengthened its market position by acquiring the mixing and grinding sections of Carnitech for EU1.5 million. (Carnitech was declared bankrupt last June.) 

Interestingly, prior to its bankruptcy, Carnitech was in the ownership of American Industrial Acquisition Corporation (AIAC) - a privately held industrial group who acquired it from Marel in 2010.

“The mixing and grinding activities fit well with Marel’s strategy of being the customer’s choice in the industries the company operates in - fish, meat, poultry and further processing. From our previous ownership of the company, we know that there are good capabilities at Carnitech which will enable us to serve our customers even better and provide them with complete processing solutions,” explained Marel’s CEO, Sigsteinn Gretarsson.

By adding the mixing and grinding products to its portfolio, Marel strengthens its offering in the meat and further processing markets as Carnitech was a strong supplier of mixing and grinding equipment. Following the transaction, Marel will be able to offer positions to a very limited number of former Carnitech employees, matching the mixing and grinding activity.