Roen Est buys Spanish ammonia specialist

ITALY: Warmth exchanger manufacturer Roen Est has acquired Spanish refrigeration and air conditioning plant builder Arctic IRE SA.

Founded in 1997 and primarily based in Madrid, Arctic is just one of the European technological know-how leaders in ammonia refrigeration and industrial air conditioning products and solutions, and also features sub-crucial CO2 and HFO solutions. It has about 40 workforce, and exports above 40% of its solutions.

Roen Est was obtained by non-public fairness trader CCC Holdings Europe (CCCHE) in 2020. CCCHE was shaped in 2018 by a quantity of previous Provider air conditioning and refrigeration supervisors with a concentration on investing in HVACR companies.

“Adding ammonia organic refrigerant to our providing is aligned with our enthusiasm for featuring normal and strength productive answers to our prospects,” commented CCCHE chairman and CEO Greg Deldicque.

“Arctic also marks our entry in the Spanish sector exactly where the organization is heading to aid us advertise our Enex and Roen Est products. This acquisition shows how we are executing on our plan to purchase six to eight corporations above 2020-2023, on our way to generating a firm with in excess of €200m in revenues.” 

Deldicque included that the approach now is to triple Arctic’s income above the future 4 decades. “We are likely to stick to a method identical to the 1 which allowed us to double the gross sales of Enex in 2021,” he reported.

CCCHE is said to be in state-of-the-art conversations with quite a few other possible acquisitions and expects to announce two more new additions around the upcoming four months.

Linked stories:

CCC Holdings Europe gets €18m expenditure29 September 2020
ITALY: CCC Holdings Europe, which purchased CO2 refrigeration business Enex and heat exchanger manufacturer Roen Est earlier this yr, has been given €18m from the Italian Strength Performance Fund II (IEEF II). Read more…

CCCHE snaps up CO2 refrigeration pioneer Enex – 15 February 2020
ITALY: Non-public equity investor CCC Holdings Europe (CCCHE) has followed up the acquisition of Roen Est by signing a offer to acquire the pioneering Italian CO2 refrigeration organization Enex SrL. Read more…

HVACR trader purchases Roen Est – 6 February 2020
ITALY: Roen Est, a warmth exchanger company in Ronchi dei Legionari, close to Trieste airport, has been obtained by non-public fairness trader CCC Holdings Europe (CCCHE). Read more…

Personal fairness firm has HVACR emphasis – 19 September 2018
United states of america: A range of former Carrier management staff are associated in a new personal equity agency focused on the HVAC and refrigeration market. Read more…

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