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Partnership

JBT Corporation x Marel hf

JBT Corporation completed a voluntary takeover of Marel hf, an Icelandic food processing technology company, for approximately €3.60 per share. The combined entity was rebranded JBT Marel Corporation and trades on both NYSE and Nasdaq Iceland.

investment · Active · operating


Machine-readable surfaces

0329e1e5-06a2-4317-88ff-866f42d9f06c
Type
investment
Status
Activeoperating
Announced
2024-01-19
2.6 years ago
Start
2025-01-07
1.6 years ago
Active for
1.6 years

Who’s involved

JBT Corporationinvestor partner

JBT Corporation (now [JBT Marel Corporation](https://ir.jbtmarel.com)) is a global technology solutions provider to the food and beverage industry, headquartered in Chicago, Illinois. The company designs, produces, and services food processing systems and automated guided vehicle (AGV) systems, tracing its roots to 1884 when inventor John Bean founded the Bean Spray Pump Company. JBT was spun off from [FMC Technologies](https://en.wikipedia.org/wiki/FMC_Technologies) in 2008 and completed its acquisition of Marel hf in January 2025, rebranding as JBT Marel Corporation (NYSE: JBTM). The company employs approximately 5,100 people across 25+ countries.

HQChicago, Illinois, USA2 partnerships

Off-registry parties

  • Marel hf · co developer

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Sources (1)

  1. https://www.petfoodindustry.com/news-newsletters/pet-food-news/news/15711436/jbt-finalizes-acquisition-of-marel

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