Marel

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Marel hf.
Public
Traded as Nasdaq IcelandMARL
Industry
Founded Reykjavik, Iceland (March 17, 1983 (1983-03-17))
Founder Rögnvaldur Ólafsson
Þórður Vigfússon
Headquarters Garðabær, Iceland
Area served
Worldwide
Key people
Árni Oddur Þórðarson
(CEO)[1]
Ásthildur Margrét Otharsdóttir
(Chairman)[2]
Products Food processing equipment, systems
Revenue Increase 970 million (2016)[2]
Increase 114.8 million (2016)[2]
Increase 75.8 million (2016)[2]
Total assets Increase 1.4 billion (2016)[2]
Total equity Increase 525.6 million (2016)[2]
Number of employees
4,556[2] (2016)
Website marel.com

Marel hf (Nasdaq IcelandMARL) is an Icelandic company that provides equipment, systems and services to the poultry, meat and fish processing industries.[3] It is the world's largest manufacturer of food processing machinery.[4]

History[edit]

Marel was founded on March 17, 1983, and is headquartered in Garðabær, Iceland. In 2007, Marel changed its corporate identity to Marel Food Systems.[5] However, in 2010, after its integration with Stork Food Systems was completed, the name was changed back to Marel.[6] In 2013, the Company was named supplier of the year by the American Meat Institute.[7] In 2014, the Company won the overall innovation award at VIV Europe as well as for innovation in processing.[8] At the end of 2016, it had 4,556 employees and annual revenues of €970 million.[2] In 2015, Marel announced that it had agreed to acquire the Dutch company MPS meat processing systems.[9] In 2017, Marel announced that it had agreed to acquire the Brazilian company Sulmaq.[10]

Products[edit]

Marel focuses on poultry, fish, meat and further processing.[11] The company has worked on technological improvements to the provision of fish fillets.[12][13] In 2012, Marel won a EuroTier Gold Award for its contribution to environmental conservation and product safety in poultry processing.[14][15]

References[edit]

  1. ^ "Árni Oddur Þórðarson". Eyjan. Retrieved November 1, 2013. 
  2. ^ a b c d e f g h "Marel 2016 Annual Report". Marel. Retrieved 21 August 2017. 
  3. ^ "Company Information". Nasdaq OMX. Retrieved March 27, 2012. 
  4. ^ Smale, Will (2017-11-22). "How an Icelandic firm became a global food giant". BBC News. Retrieved 2017-11-22. 
  5. ^ "The Marel Group Unveils New Corporate Identity". Nasdaq OMX. Retrieved April 1, 2012. 
  6. ^ "Marel Food Systems announces change in company name". Nasdaq OMX. Retrieved April 1, 2012. 
  7. ^ "IPPE - Award for Marel". The Poultry Site. 1 February 2013. Retrieved 1 June 2013. 
  8. ^ "Innovations at VIV Europe". VIV Europe. 22 May 2014. Retrieved 16 June 2014. 
  9. ^ "Marel agrees to acquire MPS meat processing systems- favorable long-term financing secured". GlobeNewswire. 21 November 2017. Retrieved 21 August 2017. 
  10. ^ "Marel taps Brazil's growing seafood production with acquisition". Undercurrent News. 27 July 2017. Retrieved 21 August 2017. 
  11. ^ "Company Information". Bloomberg Businessweek. Retrieved March 27, 2012. 
  12. ^ "Spotting Fish Bones in Cod Fillets". Norut Tromsø. 16 February 2004. Archived from the original on 8 September 2012. Retrieved 30 March 2012. 
  13. ^ J B Luten, ed. (2006). Seafood Research from Fish to Dish: Quality, Safety and Processing of Wild and Farmed Seafood. et al. Wageningen Academic Publishers. p. 512. ISBN 9086860052. 
  14. ^ "EuroTier Innovations 2012". EuroTier. 16 February 2004. Retrieved 22 March 2013. 
  15. ^ "EuroTier gold medal for Marel Stork's Aeroscalder". WorldPoultry. 16 February 2004. Retrieved 22 March 2013. 

External links[edit]