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10/2020

TREIF MASCHINENBAU acquired by MAREL

GERMANY Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines EV 100M - 350M EUR

Context

The transaction marks the exit of the founding family's historical ownership of TREIF in favor of a global specialist in advanced automation for the food and beverage industry. This move is part of a diversification strategy towards secondary processing equipment and new agri-food markets, such as the dairy sector. Under the founding family's guidance since 1948, the target company has developed a recognized technological portfolio and a critical installed base internationally, but faced size constraints in scaling its aftermarket services globally. The combination enables the removal of these capacity constraints by integrating TREIF's standard cutting machines into Marel's global distribution network, while leveraging the acquirer's local technical support teams to systematically capture maintenance and replacement flows of wear parts. The post-acquisition strategy focuses on technically integrating the target's slicing modules into Marel's production lines to market complete and automated engineering solutions to red meat manufacturers. The retention of the management team ensures continuity of long-term commercial relationships during the operational integration phase, while joint research initiatives aim to interconnect TREIF's material infrastructure with Marel's proprietary factory management software platform, with the goal of entering new markets and expanding the customer base.

The acquisition of Treif Maschinenbau is part of the growth strategy of Marel, which already has several external growth operations under its belt, notably Curio in 2019.

TREIF MASCHINENBAU, which reported an EBITDA margin of in 2019, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

TREIF Maschinenbau GmbH designs and manufactures high-precision industrial food cutting, slicing, dicing, and portioning machinery catering to a customer base that ranges from regional specialist retailers to multi-national food processors within the red meat, dairy, and bakery sectors. The company's revenue model relies on the initial sale of standard and customized slicing units alongside highly recurring cash flows generated through the replacement of specialized cutting blades and mechanical components subject to rigid wear-and-tear cycles during continuous high-velocity plant operations. Industrial food processors procure these systems to optimize raw material yields, enforce strict weight-accuracy regulations for consumer-ready packaging, and reduce biological product giveaway.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2019
2018

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TREIF MASCHINENBAU 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.

Target: treif maschinenbau