BAADER AND SKAGINN 3X JOIN FORCES
Baader and Skaginn 3X join forces. Fish processing equipment manufacturers Baader and Skaginn 3X have announced that they will be joining forces from 2021. Closing the transaction, Baader will acquire a majority share in Skaginn 3X. The transaction is subject to customary closing conditions and approval of relevant authorities.
“We are happy to announce this joint venture and look forward to jointly offering our customers an even broader scope of superior solutions over the entire processing line”, says Petra Baader, Executive Chairwoman Baader.
“The combination of the long-standing Baader engineering practices and our deep roots and expertise in Icelandic fisheries, will boost our joint development and innovation”, highlights Ingólfur Árnason, Owner and CEO of Skaginn 3X.
Ingólfur Árnason will continue to serve as CEO of Skaginn 3X supported by his current management team. After closing, a joint sales company will coordinate global sales activities with the existing Baader infrastructure, integrating also the Skaginn 3X sales force. Until closing and completion of the integration of Skaginn 3X, contacts and responsibilities in sales and distribution will remain unchanged.
About Skaginn 3X
Forged in Iceland, shaped by the seafood industry, Skaginn 3X is an innovative producer of high-tech processing systems for the global food processing industry.
Skaginn 3X offers a range of patented chilling, freezing and thawing solutions as well as efficient food processing systems. Everything the company does is designed to maximize product quality, increase yield, throughput and overall operational efficiency.
The BAADER Group is one of the strongest and most innovative business partners in the global food processing market. They provide a full range of technically advanced processing machinery to their customers worldwide. They are dedicated to develop state-of-the-art equipment for more efficient, safer and financially viable food processing.