Marel on Monday announced it reached an agreement with the administrator of the Carnitech estate to acquire Carnitech’s mixing and grinding activities, following its 21 June bankruptcy.
The total transaction cost is EUR 1.5 million (USD 1.9 million).
Prior to its bankruptcy, Carnitech was in the ownership of American Industrial Acquisition Corporation, 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,” said Sigsteinn Gretarsson, Marel COO. “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.”
