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John Bean Technologies Corporation (JBT) has initiated a voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. (Marel). Although a formal approval of the takeover is still pending, a blueprint of the future organisational structure for the combined company has already been released.

Marel is pleased to announce an agreement to acquire Wenger Manufacturing LLC, a global leader in processing solutions focused on pet food, plant-based proteins, and aqua feed.