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Marel develops and manufactures advanced equipment, software, and services for the food processing industry. The company provides integrated systems that optimize production across various sectors, including poultry, meat, fish, and plant-based foods, enhancing efficiency and yield from raw material to finished product. Their solutions encompass processing lines, individual machines, and digital platforms designed to streamline operations and ensure product quality.
The company was founded on March 17, 1983, by engineers Rögnvaldur Ólafsson and Þórður Vigfússon in Reykjavík, Iceland. Their foundational insight stemmed from a university project, recognizing the opportunity to apply engineering principles and research to improve the consistency and yield of food products, particularly for export markets. This vision positioned Marel to address critical challenges in food production through technological innovation.
Marel's products are utilized by food processors globally, from small-scale operations to large industrial enterprises. The company's long-term vision centers on transforming food processing, striving to enable sustainable and efficient production that meets global demands for high-quality food. They aim to support customers in maximizing value while minimizing waste throughout the food supply chain.
Key people at Marel.
Marel was founded in 1983 by Thórður Vigfússon (Co-Founder) and Rögnvaldur Ólafsson (Co-Founder).
Key people at Marel.
Marel has 2 tracked investments across 2 companies. The latest tracked deal is $26.0M Series C in Soft Robotics Inc. in November 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 17, 2022 | Soft Robotics Inc. | $26.0M Series C | Rahul RAY | Johnsonville |
| Aug 29, 2019 | Worximity Technology | $6.3M Series A | Marel | W Investments |
Marel was founded in 1983 by Thórður Vigfússon (Co-Founder) and Rögnvaldur Ólafsson (Co-Founder).