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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