Markel Announces Acquisition of Solbern

Markel Corporation MKL announced today that its Markel Ventures subsidiary has acquired the assets and operations of Solbern, LLC, a privately held company headquartered in Fairfield, New Jersey that manufactures food processing equipment for both domestic and international markets. Terms of the transaction were not disclosed. Markel Ventures owns and manages the affiliated investment activities of Markel Corporation. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets.