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.