MPS Meat Processing Systems

MPS Meat Processing Systems (MPS) is a global supplier of red meat processing systems.

With its headquarters in the Netherlands, MPS designs, manufactures and implements sophisticated, highly engineered and automated systems for the slaughter of pigs, cattle and sheep. It also provides cutting and deboning lines, cold storage logistics and wastewater treatment systems. Combined with its leading aftersales and replacement parts service, MPS is a full-line supplier in meat processing. At the same time, MPS exercises a strong focus on animal welfare, food hygiene and ergonomic working platforms.

VALUE CREATION

MPS has demonstrated strong revenue growth, with turnover increasing from €98m in 2010 to c. €154m forecast for 2015. Equistone has worked alongside the management team to support:

• A consistent focus on product and process innovation and diversification into new markets including the US.
• The acquisition of Durand International, a French manufacturer of automatic carcass splitting machines in April 2011 and the acquisition of KJ Industries, a Danish manufacturer of cutting and deboning equipment in June 2013. Both these add-on acquisitions have reinforced MPS’ service offering and position as the global market leader.

THE EXIT

Equistone Fund III sold its investment in MPS to Marel hf, an Icelandic strategic acquiror.