Marel completed the acquisition of TREIF for $168m.

Marel, a global provider of advanced food processing equipment, systems, software and services, completed the acquisition of TREIF, a German food cutting technology provider, for $168m including 2.9m Marel shares, worth c. $15m. "We have known and respected each other for a long time, and our recent discussions confirm our cultural fit and shared passion for innovation and customer satisfaction. Looking further ahead, the dynamic global food market is evolving towards more complex and digitalized solutions, and our long-standing customers worldwide need qualified local service teams on all continents to keep their operations running at optimal performance. Marel has invested significantly in its global reach and digital platforms, making them an excellent partner in this regard," Uwe Reifenhäuser, TREIF CEO.