Swedish refrigeration group Beijer Ref buys £5 million turnover wholesaler as it seeks to develop strategic position in Norway
Beijer Ref has announced it is acquiring all shares in Børresen Cooltech, a leading refrigeration wholesaler in Norway. The company, founded in 1968, reports sales of close to SEK 60M (£5.2 million) and has 20 employees.
Per Bertland, CEO of Beijer Ref said: ”Børresen Cooltech is a well-established refrigeration wholesaler in Norway and is considered to have a good development potential as part of Beijer Ref. The acquisition is strategically important for strengthening the Group’s position in Norway”,
The firm will be integrated into Beijer Ref’s organisation and is estimated to provide cost synergies and increase the Group’s market share.