JBT Corporation settles voluntary takeover offer of Marel hf. and begins trading as JBT Marel Corporation
Acquiring Company
JBT Marel
Acquired Company
Marel
GarðabærManufacturingFood and BeverageAgriculture and FarmingHospitalityFood ProcessingFood and BeverageAgriculture and FarmingFood ProcessingDescription
JBT Corporation has successfully completed the settlement of its voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. JBT Marel Corporation, the combined entity, has commenced trading under the new stock ticker symbol “JBTM” on both the New York Stock Exchange and Nasdaq Iceland hf. This acquisition marks a significant achievement after a year of dedicated effort to combine the complementary strengths of both JBT and Marel, guided by the shared purpose of transforming the future of food.
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When JBT Marel changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Marel?
Marel was acquired by JBT Marel. The deal was reported on January 3, 2025. JBT Marel is a leader in food processing and technology solutions, specializing in automation and sustainability. JBT Marel is publicly traded (JBTM) and operates in Manufacturing.
When did JBT Marel acquire Marel?
JBT Marel's acquisition of Marel was reported on January 3, 2025. JBT Corporation has successfully completed the settlement of its voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Marel do?
Marel (NASDAQ: MAREL; AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software, and services to the poultry, meat and fish industries. It is privately held, operating in Food and Beverage, and is based in Garðabær.
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