United under a clear vision
In partnership with our customers, we are transforming the way food is processed. Our vision is of a world where quality food is produced sustainably and affordably.
The food processing industry has grown and evolved considerably since our humble beginnings. Throughout the many changes—and challenges—over the years, our vision remains a constant.
We continue on this journey by investing heavily in innovation and emerging technologies, while always considering the sustainable use of precious resources. Since day one, our data-driven approach has kept us at the forefront of sustainable food processing technology.
We know that transforming the future of food processing would not be possible without our customers, investors, suppliers, employees, and partners around the globe. Our extensive global reach and local presence in all regions help us build strong long-term partnerships as a provider of solutions and aftermarket services.
Global team defined by three core values
Our core values summarize what we stand for. They represent our way of working, showcasing the ideals that are important to each and every employee.
Every person counts
We are united in our success and recognize that retaining our position as a world leader in food processing requires a constant focus on collaboration, co-operation, and communication. Every person counts in the united force that makes up Marel.
Every day counts
Excellence is what sets us apart. We deliver pioneering solutions that drive value, increase efficiency, and enable our customers to succeed in an increasingly competitive marketplace. In our relentless effort to do better tomorrow than we did today, every day counts.
Every idea counts
Innovation is in our DNA. Whether it’s hardware, software, or services, we’re dedicated to surpassing industry standards to provide solutions that deliver the highest-quality, sustainable, and affordable food. Every idea counts, and sometimes it takes a hundred ideas to get to the winning one.
Who we are
Marel is a leading global provider of advanced processing equipment, systems, software, and services to the poultry, meat, and fish industries. Established in 1983, we have more than 7,000 employees and a presence in more than 30 countries across six continents. In 2021, we delivered EUR 1.4 billion in revenues, with 40% coming from aftermarket services.
In partnership with our customers, we innovate and create products that set new benchmarks in food processing solutions. By continuously transforming food processing, we enable our customers to increase yield and throughput, ensure food safety and traceability, and improve sustainability in food production.
2021 in brief
Adjusted EBIT margin
Focus on three key industries
Our teams build on the knowledge, expertise, and decades of experience accumulated across the company to serve our three main industries: poultry, meat, and fish. Our global reach, innovative product offering, and digital solutions are key differentiating factors in supporting our customers worldwide and being a trustworthy maintenance partner.
Marel's presence across geographies and multiple protein segments reduces cyclicality and reduces exposure to market demand fluctuations. Similarly, no customer contributes to more than 5% of annual revenues, thus we have limited reliance on any single customer.
Marel offers the most comprehensive product range of poultry processing solutions in the industry and has the largest installed base worldwide. We provide in-line poultry processing solutions for all process steps and processing capacities. With the acquisition of Dutch duck processing solutions provider Poultry Machinery Joosten (PMJ) in 2021, the growing duck market will become a third pillar within poultry processing alongside broilers and turkey. This will allow Marel to leverage its global sales and service network and expand into new markets.
Marel supplies advanced equipment and systems to the red meat industry, with a focus on slaughtering, cut-up, and deboning solutions for processors supplying products to retail and foodservice. Following the acquisitions of MPS, Sulmaq, MAJA, and TREIF, we are now a full-line supplier from farm gate to finished pack.
Marel is the leading global supplier of advanced standalone equipment and integrated systems to the fish industry. We provide innovative equipment, systems, and software for processing whitefish and salmon, both farmed and wild, onboard and ashore. With the acquisition of Curio, Valka and Stranda Prolog in 2021, we will accelerate our innovation roadmap and strengthening Marel’s full-line offering and scale to serve customers’ needs better.
Marel is committed to developing industry-leading technology in partnership with our customers.
Annually, we invest approximately 6% of revenues in research and development, which translated to EUR 81 million in 2021. This is essential to the creation of transformative solutions for the food processing industry and securing our competitive advantage, which in turn deliver organic growth to the company.
Bringing 27 new solutions and upgrades to the market in 2021 alone, it’s safe to say that innovation is in our DNA. With each stride we take, we create a more seamless operating flow with equipment and digital solutions that boost production capacity and efficiency.
Food processors need highly innovative solutions that meet the needs of present generations without compromising the future of coming generations.
We take great pride in embedding sustainability in everything we do. Since 2017, sustainability has been integrated into our requirements for all new product development, meaning that all of our solutions are designed to maximize yield and minimize the use of resources such as energy and water. This creates long-term value for our customers while simultaneously aligning their operations with environmental principles.
Being a responsible corporate citizen is a top priority for Marel. We’re a pioneer in our industry, having committed to the UN Sustainable Development Goals (SDGs) and Global Compact’s call to the private sector for corporate responsibility, transparency, and working toward becoming a part of the solution. In addition, we’ve incorporated environmental, social, and governance (ESG) criteria into the short-term incentive plans for management remuneration, started our climate-related disclosure (TCFD) journey, implemented a robust governance structure around sustainability related issues, committed to the Science-Based Targets initiative (SBTi) to meet the goals of the Paris Agreement, and set a defined path to becoming net zero by 2040.
To support its long-term commitment, Marel has launched a five-year sustainability program aimed at steering both Marel and the industry onto a more sustainable path, through ambitious environmental, social, and governance targets.