Who owns Marine?
Marine is owned by Mutandis (Morocco, CSE: MUT).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Mutandis SCA — Rapport financier annuel 2025, 7 May 2026. Last checked .
Key facts
- Current owner
- Mutandis S.C.A. reported
- Owner HQ
- 🇲🇦 Morocco, Casablanca
- Origin
- 🇲🇦 Morocco
- Founded
- 2018
- Category
- Food › Meals & meal components › Canned & shelf-stable meals
- Parent ticker
- CSE: MUT
- Last verified
- · 4 sources
About Marine
Marine is a brand of skinless, boneless canned sardines that Mutandis launched in Morocco in 2018, at first in four versions: with chilli, tomato, olive oil and vegetable oil. It is made by the group's seafood subsidiary LGMC, which is 99.26% held. In 2024 Mutandis extended it from supermarkets into Morocco's traditional corner shops, and in 2025 its volumes rose by more than 82% and its sales by more than 69%, according to the group's annual report.
Ownership timeline of Marine
Where Marine sits in Mutandis
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Mutandis ownership tree →
See the full Mutandis brand portfolio (11) →
Other brands owned by Mutandis
Mutandis controls 11 brands on Brandtree, 4 of them in food.
Also in food
Other brands in canned & shelf-stable meals, and who owns them
The 80 brands in canned & shelf-stable meals on Brandtree belong to 46 owners. The largest is Thai Union, with 13; Mutandis has 4.
| Brand | Owner | Owner based in |
|---|---|---|
| Chicken of the Sea | Thai Union | 🇹🇭 Thailand |
| Albert Heijn | Ahold Delhaize | 🇳🇱 Netherlands |
| Bonduelle | Bonduelle | 🇫🇷 France |
| Heinz Baked Beans | Kraft Heinz | 🇺🇸 United States |
| Aunt Nellie's | Seneca Foods | 🇺🇸 United States |
| Aldi (Nord) | Aldi Nord | 🇩🇪 Germany |
| Aldi (Süd) | Aldi Süd | 🇩🇪 Germany |
| 365 by Whole Foods Market | Amazon | 🇺🇸 United States |
About the owner: Mutandis
Mutandis is a publicly listed company headquartered in Casablanca, Morocco, founded in 2008. Brandtree records 11 brands under its control, and it is listed as CSE: MUT.
Mutandis S.C.A. is a Moroccan consumer goods group, incorporated in Casablanca on 14 March 2008 as a partnership limited by shares and managed by MUGEST, which Adil Douiri represents. It listed on the Casablanca Stock Exchange on 14 December 2018 under the ticker MUT. It works in four categories: detergents and personal care, canned fish, juices and Aïn Ifrane mineral water, and the Season sardine business in the United States. Revenue for 2025 was MAD 2,022 million, from 12 plants. It sold its PET-bottle maker CMB Plastique to Dislog Group in April 2024.
🇲🇦 Marine and other Moroccan brands
Brandtree records a controlling owner for 34 brands that began in Morocco. All of them are controlled from Morocco.
Frequently asked questions
Who is the parent company of Marine?
The parent company of Marine is Mutandis, a publicly listed company headquartered in Morocco.
Is Marine Moroccan?
Yes. Marine originated in Morocco in 2018 and its owner, Mutandis, is also headquartered in Morocco.
Is Marine still owned by Mutandis?
Yes. As of 23 October 2026, Marine is still owned by Mutandis. The ownership record was last checked against primary sources on that date.
Sources (4) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Mutandis SCA — Rapport financier annuel 2025 — Mutandis SCA, Annual report, published 7 May 2026; retrieved 23 October 2026.
- [2] Mutandis SCA — Rapport financier annuel 2024 — Mutandis SCA, Annual report; retrieved 23 October 2026.
- [3] Mutandis SCA — Document de référence 2020 (enregistré par l'AMMC) — Mutandis SCA, Stock exchange filing, published 16 July 2021; retrieved 23 October 2026.
- [4] Mutandis — Analyst presentation H1 2026 — Mutandis SCA, Official document, published 7 September 2026; retrieved 23 October 2026.
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