Icelandic food processing systems provider Marel has announced its acquisition of a 50% stake in Curio, a whitefish processing firm.
Marel, one of the world’s largest producers of food processing machinery, has also negotiated an option for the acquisition of the remaining 50% of shares in Curio in four years. The transaction falls in line with Marel’s strategic goal of becoming a ‘full-line’ supplier, offering standard and modular building blocks for innovative food processing solutions across the meat, poultry and fish sectors. Marel’s acquisition of Curio’s product portfolio – including solutions for the skinning, filleting and heading of fish – complements its existing processing properties and brings the company a step closer to providing full-line services in the field of fish processing.
Árni Oddur Thórdarson, chief executive of Marel, said: “We are super excited to join forces with Curio, an innovative provider of equipment for primary processing for the whitefish segment, bringing us closer to becoming a full-line provider in the global fish segment. 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. With Marel’s full-line approach, overarching Innova software, and by being a reliable maintenance partner in the field, we help our customers further automate production in a seamless flow, securing more valuable and safer products to global consumers.”
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