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Marel acquires 40% stake in Norwegian peer
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Jan. 29, 2021 14:43 GMT
Icelandic processing equipment provider Marel has announced the acquisition of a 40% stake in Stranda Prolog, a Norwegian provider of salmon processing solutions, and the launch of a strategic partnership between the two companies [.]
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Marel takes 40 percent stake in Stranda Prolog, forms strategic partnership
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Icelandic seafood processing firm Marel has acquired a 40 percent stake in Stranda Prolog, a Kristiansund, Norway-based creator of salmon processing technology.
In the 28 January corporate announcement, Marel said the transaction will facilitate “the launch of a strategic partnership between the two companies.”
“Marel and Stranda Prolog have long-standing relationships with many of the largest salmon processors globally and have successfully collaborated over the years to deliver full-line projects worldwide, with Marel’s overarching Innova software enabling a seamless flow across all processing stages,” the company said. “With their combined product portfolio, the two companies will be in a stronger position to extend their customer reach through Marel’s global sales and service network and better service their existing and future customers. In addition, the strategic partner