JBT Corporation and Marel have completed their merger to form JBT Marel Corporation, a technology solutions provider for the food and beverage industry. The combined company began trading under the ticker “JBTM” on both the New York Stock Exchange (NYSE) and Nasdaq Iceland on January 3, 2025.
The merger follows JBT’s voluntary takeover offer to acquire Marel’s shares, which concluded on December 20, 2024. As a result, JBT Marel now operates with a broader scale and expertise, offering enhanced solutions for the global food sector.
Brian Deck has been appointed CEO of the new entity, while Árni Sigurdsson will serve as President. The management team includes executives from both companies, and the Board of Directors will consist of representatives from JBT and Marel.
JBT Marel has initiated a compulsory acquisition of the remaining Marel shares, and Marel’s shares are being delisted from Euronext Amsterdam and Nasdaq Iceland. The company is planning to report its financial results for Q4 and full-year 2024 in February 2025.
The company also marked the merger with a bell-ringing ceremony at the NYSE on January 6 and at Nasdaq Iceland today, January 7, 2025.
