Marel has announced an agreement to acquire German food cutting technology provider TREIF Maschinenbau GmbH. The two companies have a great strategic and cultural fit with complementary product portfolios and geographic presence, creating a strong platform to enhance further growth.
TREIF, a family-owned business headquartered in Oberlahr, Germany is at the forefront in solutions and services focused on portioning, dicing, slicing and cutting of food. The company was founded in 1948, focusing on cutting solutions for the meat industry, which continues to be its largest segment. With annual revenues of over EUR 80 million, and around 13 million in EBITDA, TREIF has an impressive track record of continuous product innovation and steady growth with 500 employees in facilities in Europe, US, and China. Its long-standing customer base is diversified, ranging from specialist retailers to blue-chip international food processors.