keep its name Stork
Food Systemsâ€, according to Hödur Arnarsson, CEO of Marel Food Systems during
the press conference in Reykjavik, Iceland.
During the conference, details of
the takeover of the Netherlands based Stork Food Systems by Marel Food Systems
of Iceland were given.
Arnarsson does not see any major
changes in operations for the time being. The companies will continue to operate
as before, but will analyse all their opportunities to improve and integrate
their business activities.
The Stork Food Systems management
will remain in their positions and there will be no changes directly resulting
from this transaction. This also includes the location of the various production
locations and the application of various brand names used under the Stork Food
Systems umbrella, like Townsend, PMT, Gamco and Titan.
Arni Oddur Thordarsson, Chairman
of the Board of Directors, major share holder of Marel and one of the driving
forces behind the take over, prefers the use the word merger instead of
takeover. He expressed that both companies are complementary and Stork is bigger
in turnover than Marel, €380 mln versus €290 mln.
In his comment Stork Food Systems
President Theo Hoen expressed that he was pleased to join Marel and that after
several years of insecurity the company has landed in quite waters and can
concentrate on providing customers with innovative solutions to strengthen their
To receive World Poultry's Free Newsletter, click
To comment, login here
Or register to be able to comment.