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Marel

Marel hf.
Public
Traded as Nasdaq IcelandMARL
Industry
Founded Reykjavik, Iceland (March 17, 1983 (1983-03-17))
Founder Rögnvaldur Ólafsson
Þórður Vigfússon
Headquarters Garðabær, Iceland
Area served
Worldwide
Key people
Árni Oddur Þórðarson
(CEO)
Ásthildur Margrét Otharsdóttir
(Chairman)
Products Food processing equipment, systems
Revenue Increase713 million (2014)
Decrease29.2 million (2014)
Decrease11.7 million (2014)
Total assets Increase851.4 million (2014)
Total equity Increase427.5 million (2014)
Number of employees
4,000
Website marel.com

Marel hf (Nasdaq IcelandMARL) is an Icelandic company that provides equipment, systems and services to the food processing industry. The company's brands include Marel, Stork Poultry Processing and Townsend Further Processing.

Marel was founded on March 17, 1983, and is headquartered in Garðabær, Iceland. In 2007, Marel changed its corporate identity to Marel Food Systems. However, in 2010, after its integration with Stork Food Systems was completed, the name was changed back to Marel. In 2013, the Company was named supplier of the year by the American Meat Institute. In 2014, the Company won the overall innovation award at VIV Europe as well as for innovation in processing. At the end of 2014, it had 4,053 employees and annual revenues of €713 million.

Marel focuses on poultry, fish, meat and further processing. The company has worked on technological improvements to the provision of fish fillets. In 2012, Marel won a EuroTier Gold Award for its contribution to environmental conservation and product safety in poultry processing.


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