Carnitech A/S, a Marel hf subsidiary, Acquisition of Dantech Food PTE Ltd.

Carnitech A/S, a Marel hf subsidiary, has today Wednesday the 7th of September 2005 taken over all shares of Dantech Food PTE Ltd., Singapore, which is a manufacturer and supplier of equipment for the food industry. 

Dantech Food PTE Ltd. had a turnover of MSGD 10.9 thousand (4.8 m Euro) in 2004 – a turnover which was based on Dantech Food System’s main activities, namely IQF-freezing and the shrimp processing industry. The contract price is confidential. 

The synergies of the takeover will be generated by a consolidation of the activities of Dantech Food Systems and Carnitech within the same product area. The head office of Dantech Food System in Singapore will have superior responsibility for the division as well as for the majority of the future production. The present management will remain unchanged. 

Marel hf’s Managing Director, Hörður Arnarson, is available for further information.