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11/2015

MPS MEAT PROCESSING SYSTEMS acquired by MAREL

NETHERLANDS Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines EV €300–700M

Context

Marel has completed the 100% acquisition of MPS meat processing systems. This acquisition serves as a key pillar in Marel’s strategy to become the leading provider of full-line solutions for the global meat industry. By integrating MPS, Marel extends its existing secondary processing expertise with MPS’s leadership in primary processing, slaughtering, and logistics. The combination creates significant synergies by allowing Marel to offer integrated, end-to-end processing lines to its global customer base. The deal also rebalances Marel’s revenue mix, increasing its exposure to the red meat sector and strengthening its footprint in European and emerging markets. MPS shareholders reinvested a portion of the proceeds into Marel shares, signaling strong alignment with the long-term success of the combined group.

It is worth noting that the fund Equistone took control of Mps Meat Processing Systems through an LBO in 2010.

MPS MEAT PROCESSING SYSTEMS, which reported an EBITDA margin of [members only] in 2015, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the Industry & Manufacturing sector (11.7x).

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Target

MPS Meat Processing Systems is based in the Netherlands and operates as a prominent global leader in designing, manufacturing, and implementing primary processing solutions, specifically tailored for the pork and beef industries. The company's comprehensive product and service portfolio extends to innovative systems for blood collection, food logistics, and industrial wastewater treatment, alongside dedicated aftersales services and spare parts. Positioned as a specialized authority in meat processing technology, the business caters to a large installed base of nearly 2,000 active customers globally, having successfully executed over 5,000 projects across more than 100 countries. With a reputation for best-in-class engineering, exceptional project management, and deep technological know-how in food processing, the entity demonstrates an agile organizational structure capable of adapting swiftly to dynamic market conditions.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2015
€100–200M
€25–50M
[members only]
2014
€100–200M
€25–50M
[members only]

Other operations with MPS MEAT PROCESSING SYSTEMS

Other operations with MPS MEAT PROCESSING SYSTEMS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
08/2010EQUISTONEMPS MEAT PROCESSING SYSTEMSNETHERLANDSFood & Beverage Lines

REFERENCES

Valuation range: EV €300–700M

Revenue range: €100–200M

EBITDA range: €25–50M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MPS MEAT PROCESSING SYSTEMS by MAREL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.