H2 Equity Partners sells Poultry Machinery Joosten to Marel
H2 Equity Partners is pleased to announce that it has sold Poultry Machinery Joosten (“PMJ”), a global leading producer of advanced duck processing equipment to Marel, a leading company in the production of food processing equipment, including poultry, meat and fish.
With a full-line offering to the global duck market, Marel will be in a stronger position to broaden its customer base in the duck segment, leverage its global sales and service network and expand into new markets. Together the two companies will be at the forefront in modernizing the duck market in partnership with its customers..
Roger Claessens, Executive Vice President of Poultry at Marel, commented: “We are pleased to announce the acquisition of PMJ; it is a logical step for Marel to expand its third pillar within poultry processing besides broilers and turkey. Technical expertise and an impressive track record of continuous product innovation are defining characteristics of both PMJ and Marel. The high quality of PMJ’s solutions reflect the company’s 23 years of dedication to duck processing. With our combined efforts and continued focus on innovation we will be in a stronger position to transform the duck industry in partnership with our customers”
Bas van der Veldt, CEO of PMJ, commented: “We are proud of PMJ and of what we have achieved together with all our loyal employees and customers worldwide. Our expertise in duck processing technology, our innovative solutions and our experienced employees, combined with the broad processing knowledge and worldwide coverage of Marel, will be the next step forward in serving our customer base even better.”
Gert Jan van der Hoeven, Managing Partner at H2 Equity Partners, commented: “PMJ has been successful in developing state-of-the-art duck processing equipment. With Marel as its new owner PMJ will be able to cover all geographies.”
PMJ and H2 were advised by Emendo Capital (M&A) and Lexence (legal).
Poultry Machinery Joosten B.V. has 40 employees and is located in Opmeer in the Netherlands. PMJ is at the forefront of duck and goose processing solutions and services. The company was founded in 1998 as a family business and has evolved into a global leader for waterfowl processing solutions. PMJ’s product range contains solutions for a wide variety of production sizes.
About H2 Equity Partners
H2 Equity Partners, founded in 1991, is an independent investment firm. H2 focuses on medium sized companies that are uniquely positioned and provide significant growth potential. H2 offers these businesses a combination of capital and active management support to realize untapped potential. H2 has a robust, multi-sector track record in building stronger companies, with a sustainable competitive advantage and profitable growth. The investment by H2’s Amsterdam team are funded through its most recent fund, which was launched in June 2019.