Marel Food Systems and Stork Food Systems released a statement last week saying that they are pleased to announce that European competition authorities have approved Marel’s acquisition of the Stork Food Systems division of Stork N.V.
It says that united, the two companies will be a forerunner in the development of equipment for the food processing industry, with a combined turnover of €660m and more than 4,000 employees.
Marel and Stork have a complementary product portfolio with virtually no overlap. Speaking on both company's existing products, Hörður Arnarson, President and CEO of Marel Food Systems says, "We expect to further improve on the integration of these and similar solutions now that we are joined together in one company. Sharing our technology will become much easier. Our customers will certainly benefit from this.”
Customers are expected to benefit in other ways as well. “A much larger international network of experts is now available to our customers, covering a larger range of their core production processes in fish, meat, poultry and dairy products,” says Theo Hoen, President of Stork Food Systems. “And the fact we belong to one company reduces our customers’ need to involve multiple parties in their projects, thus reducing their project risks.”
