Marel Acquires Wenger Manufacturing

April 27, 2022

Marel has acquired Wenger Manufacturing LLC for USD 540 million, creating a new business segment focused on pet food, plant-based proteins, and aqua feed. The acquisition (closed June 9, 2022) adds Wenger's extrusion and dryer technology, ~500+ employees and expected 2022 revenues of about USD 190 million to Marel's portfolio, and is expected to be margin- and earnings-enhancing on a pro-forma basis.

Buyers
Marel
Targets
Wenger Manufacturing LLC
Sellers
Wenger shareholders, Wenger family
Industry
Manufacturing
Location
Kansas, United States
Transaction Type
Buyout

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