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Duravant (US) acquires food tech expert Marelec (Flanders)

Global automation equipment group Duravant (US) is acquiring Marelec, a food tech manufacturer from Flanders. The name ‘Marelec’ is an abbreviation and stands for Marine Electronics. This refers to the 35-year-old company’s early beginning when it used to manufacture traction systems for fishing vessels. Marelec gradually evolved into a manufacturer of high-tech cutting and sorting systems for food processing companies in the fishing and poultry industry.

Growth in the works

Until now, Marelec was in the hands of its managers Piet and Katrien Rommelaere, who founded the company together with their father, Marcel Rommelaere. Following a search for a new owner, which was led by M&A specialist Kumulus, the American group Duravant presented itself as buyer.

Duravant manufactures technical equipment and automation solutions for food processing, packaging and materials handling. The Illinois-based group is owned by investment giants Warburg Pincus and Carlyle and is said to have posted sales of USD 530 million last year.

We are excited to enter our next growth phase with Duravant. By joining forces, we can accelerate our innovation investments, leverage Duravant’s extensive service infrastructure and deliver more solutions to customers and partners alike.

Piet Rommelaere
founder and executive chairman of Marelec

Niche market leader

Marelec is the Belgian market leader in its niche. It exports the bulk of its production to all corners of the world. In the first half of 2022, the company from West Flanders opened a sales office in Spain and established a subsidiary in the US, which is one of Marelec’s main markets along with Thailand and China.

More info

Reported by
newspaper De Tijd, press release Marelec
12 December 2022

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