Marel merges with Stork

Icelandic food processing company Marel and Dutch company Stork are intending on a merger making Marel the largest food production company in the world. Stork Food Systems caters mainly for airlines and Marel currently owns 8 percent of shares in the company.

 On Thursday shareholders will vote on selling the majority of shares to Marel. The merger is a matter of some dispute in the Netherlands as Stork has a 179 years old history there. Árni Oddur Þórðarsson, board director of Marel says that this is a unique opportunity to create a world leader in the food industry.