Marel
Canvas Category Machinery : Process Technology : Food
Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries.
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JBT Corporation Receives Extension of PUSU Deadline for Proposal to Merge With Marel
JBT Corporation (NYSE: JBT) (“JBT”), a leading global technology solutions provider to high-value segments of the food & beverage industry, announced that the Financial Supervisory Authority of the Central Bank of Iceland (the “FSA”) has granted an extension to the deadline for JBT to announce its final decision on whether to make a voluntary takeover offer for all of the outstanding common stock of Marel hf. (“Marel”) (the “PUSU Deadline”) in relation to JBT’s non-binding proposal originally submitted to the Board of Directors of Marel on November 24, 2023, and subsequently revised on December 13, 2023. In accordance with Article 102 of the Icelandic Takeovers Act no. 108/2007, JBT was required to announce its intentions by no later than January 5, 2024. This announcement follows Marel’s disclosure that the FSA has extended the PUSU Deadline to January 19, 2024.
JBT Corporation Confirms Non-Binding Proposal to Acquire Marel
JBT Corporation (NYSE: JBT), (“JBT” or the “Company”) a leading global technology solutions provider to high-value segments of the food & beverage industry, issued the following statement. JBT confirmed that it has submitted a non-binding initial proposal to the board of directors of Marel hf. (“Marel”), whose shares are listed on Nasdaq Iceland and Euronext Amsterdam, in respect of a potential voluntary takeover offer for the entire share capital of Marel in accordance with Chapters X and XII of the Icelandic Takeovers Act no. 108/2007. JBT has received an irrevocable undertaking and entered into exclusivity with respect to the shares owned by Eyrir Invest hf., which holds 24.7% of the shares in Marel. This announcement follows Marel’s disclosure that it had received a potential offer to acquire all shares in the company.
Soft Robotics Inc. secures $26M in first close of Series C led by Tyson Ventures. Marel and Johnsonville also invest and join Soft Robotics powerful syndicate.
Soft Robotics Inc. (SRI) announced today that it raised $26M in an initial Series C closing and will use the funds to expand commercial deployment of its mGripAI™ robotic picking solutions. mGripAI is an easy-to-integrate automation package that combines ultra-fast 3D vision and artificial intelligence technologies with patented and proven, IP69K-rated, soft grasping to give industrial robots the hand-eye coordination of humans. This unprecedented combination of robotic “hands,” “eyes,” and “brains” enables, for the first time, the use of high-speed industrial arms to automate bulk picking processes throughout protein, produce, dairy, baked goods, and prepared foods operations.
Soft Robotics’ Series C was led by Tyson Ventures, the venture capital arm of Tyson Foods (NYSE:TSN), and brings new investors, Marel (AEX:MAREL) and Johnsonville, into SRI’s powerful investor syndicate. SRI reported that it closed the first $26M of an undisclosed-size round with participation from these new investors and strong participation from existing investors.
3D printing in metal resulted in fewer bacteria and greater food safety
3D printing in metal was chosen as a solution and Marel quickly began to redesign the support element specifically for 3D printing, so that it took full advantage of the technology’s possibilities. The support element is in direct contact with food, so bacteria can accumulate in all cleaves, joints and openings, and these bacteria can be transferred directly to the meat. That’s why we were really excited about the possibility of 3D printing the support element in one piece, and the weight reduction was also a positive element, as the support element moves MANY times a second, says Matias Taul Hansen, Technical Designer at Marel
3D printing is a much cheaper solution than cutting out the item, and compared to laser cutting, 3D printing is also preferable, as we avoid joints where bacteria can accumulate. By 3D printing in titanium, we also achieve a lower-weight item that is cheaper to produce and that can work faster, says Kristian Rand Henriksen, consultant at the Danish Technological Institute.