Epta buys fridge business of German firm Heifo

ITALY: Commercial refrigeration tools producer Epta has strengthened its presence in the north of Germany with the acquisition of the refrigeration things to do of Heifo GmbH.

Dependent in Osnabrück, Germany, Heifo is a fourth-generation family members organization with working experience in industrial and commercial refrigeration expert services, as effectively as in professional air conditioning and food items marketplace methods. Launched in 1856, the firm features extra than 160 many years of encounter in the progress and implementation of specialist air conditioning and refrigeration remedies.

The transaction sees the transfer of all refrigeration things to do, value about €25m, and around 120 employees, from Heifo to a new enterprise – Heifo Kältetechnik GmbH – 100% owned by EPTA. 

The offer does not include Heifo’s expert food answers small business Heifo PFS Group.

EPTA insists that the offer will even more bolster its job as a provider of sustainable and vitality-productive answers for business refrigeration in Germany, though broadening its provider giving to massive scale retail buyers, to incorporate industrial refrigeration techniques and engineering. 

“With Heifo’s structured network of professionals and know-how, EPTA will greatly enhance its place as a a person-halt-shop service provider for the retail segment and the overall food & beverage sector,” the organization stated in a assertion.

This most up-to-date acquisition follows on from the announcement in July of the creation of a joint venture with Viessmann Refrigeration Solutions in central and northern Europe.  

“This acquisition is a further more action in our undertaking of geographic enlargement in regions with substantial growth probable this kind of as Germany and in the advancement of a lot more specialised competencies inside the Team,” commented Epta chairman and and CEO Marco Nocivelli. “This is the ninth acquisition we have closed in 4 decades, and included to the modern joint venture settlement, represents an more milestone in obtaining our progress ambitions.”

The closing of the deal, subject to approval by the German antitrust authorities, is envisioned by the conclusion of this year. 

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