Duff & Phelps Advised Marlen International, Inc. on its Sale to Fischbein LLC
Duff & Phelps is pleased to announce that Marlen International, Inc. (“Marlen” or the “Company”), a portfolio company of the Pfingsten Partners, LLC (“Pfingsten”), has been acquired by Fischbein LLC, a portfolio company of Odyssey Investment Partners, LLC.
Marlen is a leading provider of highly engineered food processing equipment and related aftermarket parts and services to leading and mid-sized food processors. The Company's engineered equipment serves a variety of applications, including meat, poultry, fish, vegetables, fruit, bakery, confectioneries, snacks, dairy goods and pet food. The equipment is sold under the Marlen and Carruthers brand names and is used for pumping, portioning, filling, dicing, grinding, slicing, shredding, chilling and cooking applications. Marlen was founded in 1950 and is headquartered in Riverside, Missouri.
Pfingsten is a private equity firm that focuses on building better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering. Since completing the firm’s first investment in 1991, Pfingsten has raised four investment funds with total commitments of approximately $1.0 billion and has acquired 93 manufacturing, distribution and business services companies. Pfingsten was founded in 1989 and is based in Chicago, Illinois, and has representative offices in ChangAn, China and New Delhi, India.
Duff & Phelps was engaged as the exclusive financial advisor to Marlen and Pfingsten and provided merger and acquisition advisory services in connection with the sale transaction.