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Allen & Overy advises Marel hf on the acquisition of TREIF Group

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Huizinga Michiel
Dr Michiel Huizinga

Partner

Frankfurt am Main

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Harald Klett
Harald Klett

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Frankfurt am Main

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09 September 2020

Allen & Overy has advised Marel hf, a public limited company listed both on the Icelandic Nasdaq OMX and the Euronext Amsterdam and headquartered in Gardabaer, Iceland, on the acquisition of the entire share capital of TREIF Maschinenbau GmbH (TREIF), including all relevant business activities of the group. The closing of the acquisition is subject to prior anti-trust approval, which is expected to take place in the fourth quarter of 2020.

TREIF, a family-owned business headquartered in Oberlahr, Germany is a food cutting technology provider for the food and especially the meat industry. The company was founded in 1948. With annual revenues in the high double-digit millions, TREIF has 500 employees in facilities in Europe, U.S., and China.

Marel hf is a leading global provider of advanced processing systems and services to the poultry, meat and fish industries with more than 6,300 employees in over 30 countries and annual sales of EUR1.3 billion. The acquisition is in line with Marel’s strategic objective to become a full-line supplier of advanced food processing solutions and standard equipment, and to further strengthen its global market presence.

The Allen & Overy team was led by partner Dr Michiel Huizinga (Corporate/M&A) and included partner Dr Michael Ehret (Tax, both Frankfurt), counsel Dr René Galle (Antitrust, Hamburg), Peter Wehner (Pensions) and Dr Udo H Olgemöller (Public Law, both Frankfurt), senior associates Dr Marcus Grühn (Real Estate, Hamburg), Dr Sebastian Schulz (Employment), 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), 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).

Two years ago, the team led by Allen & Overy partner Huizinga had already advised Marel hf on the acquisition of the German-based MAJA Group, a highly innovative manufacturer of food processing machinery.