H2 Equity Partners sells PMJ to Marel
Transaction summary
NETHERLANDS/ICELAND, January 22, 2021 – H2 Equity Partners (“H2”) and Marel have reached an agreement on the sale of global duck processing solutions provider Poultry Machinery Joosten (“PMJ”), to Marel. United, the two companies are in a stronger position to drive further growth, providing better value for both current and future customers. The transaction has been successfully completed.
PMJ’s complementary product portfolio of primary processing, including waxing and automated evisceration, will make Marel the industry’s only full-line provider of duck processing solutions.
With a full-line offering to the global duck market, Marel will be in a stronger position to broaden its customer base in the duck segment, leverage its global sales and service network and expand into new markets. Together the two companies will be at the forefront in modernising the duck market in partnership with its customers.
PMJ’s management team will stay on board and ensure business continuity for employees and customers, serving as the duck knowledge center.
Official press release PMJ
Emendo Capital acted as exclusive financial adviser to H2.
About PMJ
Poultry Machinery Joosten, BV has 40 employees and is located in Opmeer in the Netherlands. PMJ is at the forefront of duck and goose processing solutions and services. The company was founded in 1998 as a family business and has evolved into a global leader for waterfowl processing solutions. PMJ’s product range contains solutions for a wide variety of production sizes.
For additional information on PMJ, visit www.pmj.info.
About H2
H2 Equity Partners, founded in 1991, is an independent investment firm. H2 focuses on medium sized companies that are uniquely positioned and provide significant growth potential. H2 offers these businesses a combination of capital and active management support to realise untapped potential. H2 has a robust, multi-sector track record in building stronger companies, with a sustainable competitive advantage and profitable growth.
For additional information on H2, visit www.h2.nl.
About Marel
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. Its team of more than 7,000 employees in over 30 countries delivered € 1.3 billion in revenues in 2019. Annually, Marel invests around 6% of revenues in innovation. By continuously transforming food processing, Marel enables its customers to increase yield and throughput, ensure food safety and improve sustainability in food production. Marel was listed on NASDAQ Iceland in 1992 and dual-listed on Euronext Amsterdam in June 2019.
For additional information on Marel, visit www.marel.com.