Iceland / Frankfurt — Marel hf , a public limited company listed on the Icelandic Nasdaq OMX and Euronext Amsterdam, based in Gardabaer / Iceland, has acquired the entire business shares of TREIF Maschinenbau GmbH (TREIF), including all relevant business activities of the group. The transaction is expected to close in the fourth quarter of 2020, subject to regulatory approval.
TREIF, a family-owned company based in Oberlahr, Germany, is a cutting machine manufacturer for the food and especially the meat industry. The company was founded in 1948, currently employs around 500 people at locations in Europe, the USA and China, and most recently generated annual sales of over 80 million euros.
Marel is an Icelandic manufacturer of food processing equipment with more than 6,300 employees in over 30 countries with annual sales of 1.3 billion euros. The acquisition follows Marel’s strategic goal to become a full-service provider of advanced food processing and standard equipment solutions and to further expand its global market presence.
Advisors to TREIF Maschinenbau GmbH: Flick Gocke Schaumburg (Bonn/Hamburg)
Dr. Stephan Göckeler, Dr. Christian Bochmann (both lead, M&A/Corporate; Bonn/Hamburg), Dr. Christian Pitzal, Dr. Bastian Liegmann (both Tax; Berlin), Dr. Florian C. Haus (Antitrust), Alexander Löschhorn (IT); Associates: Fabian Schmidt (Antitrust), Dr. Verena Roder-Hießerich (IP), Alexander Heinen, Dr. Paul Schirrmacher (both M&A/Corporate; Hamburg)
Advisors to Marel hf: Allen & Overy
Partners Dr. Michiel Huizinga (Lead, Corporate/M&A) and Dr. Michael Ehret (Tax, both Frankfurt) and Counsel Dr. René Galle (Antitrust, Hamburg), Peter Wehner (Pensions) and Dr. Udo H. Olgemöller (Public Law, both Frankfurt). Furthermore, the team comprised Senior Associates Dr. Marcus Grühn (Real Estate Law, Hamburg), Dr. Sebastian Schulz (Labor Law), Stefanie Günther (Public Law, both Frankfurt), Catharina Glugla (Data Protection, Düsseldorf) as well as Associates Laura Reuther (Corporate/M&A), Sven Bischoff, Paul Kessler (both Tax Law), Dr. Anna Jung (Public Law, all Frankfurt), Anna Kräling (IP, Düsseldorf), Katrin Pilgram (Real Estate, Hamburg) and Senior Transaction Officer Nadine Gommel (Corporate/M&A, Frankfurt).
About Flick Gocke Schaumburg
Flick Gocke Schaumburg has more than 350 professionals in Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and Zurich, advising corporate groups and family businesses, private clients, NPOs and the public sector on tax law, corporate and commercial law as well as auditing and business valuation.
About Allen & Overy
Allen & Overy is an international law firm with approximately 5,500 employees, including approximately 550 partners, in more than 40 locations worldwide. An up-to-date overview of Allen & Overy’s offices can be found here: allenovery.com/locations.
Allen & Overy is represented in Germany at its offices in Düsseldorf, Frankfurt am Main, Hamburg and Munich with approximately 220 lawyers, including 47 partners. The lawyers advise leading national and international companies primarily in the areas of banking, finance and capital markets law, corporate law and M&A, tax law as well as other areas of business law.
This press release is issued by Allen & Overy LLP. In this press release, “Allen & Overy” refers to “Allen & Overy LLP or its affiliates.” The named partners are either shareholders, advisors or employees of Allen & Overy LLP and/or its affiliates.