World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Investment firm takes stake in Lowe

Lowe-refrigerationUK: Investment company MML Capital has taken a 55% stake in Lisburn-based refrigeration rental company Lowe Refrigeration.

The 55% stake is said to be part of the investment MML will take in the company, in partnership with the existing Lowe management team led by ceo Rodney Lowry.

Referring to his new investment partners, Rodney Lowry said, “They rapidly grasped the future potential of the business and, importantly, the management team felt very comfortable working with them from the start of the process. MML has a strong track record of partnering with thriving businesses and supporting their growth ambitions. Therefore, I am very confident that we can now accelerate our development into new regions and new rental markets globally.”

MML Ireland’s Rory Quirke and Neil McGowan will both join the Lowe Refrigeration board, alongside Rodney Lowry and cfo Paul Lavery. The company has also appointed Mervyn McCall, a former director of the Mivan Group, as chairman of the board.

Lowe Refrigeration is the world’s leading short term refrigeration rental company providing temporary cold solutions, in addition to hot equipment, to large food exhibitions, retailers, major sporting events and festivals internationally. The company services events such as the Singapore GP, Wimbledon, Glastonbury and the US Open Golf from nine locations throughout Europe, the USA, Middle East and Far East. The company has doubled in size since Rodney Lowry led the acquisition of the business from the founding Lowe family in 2008. Lowe Refrigeration expects to post revenue of around €20m for 2014.

Latest News

29th March 2024

BUS applications up 75% in February

UK: Applications for grants under the UK government’s Boiler Upgrade Scheme (BUS) in February were 75% higher than during the same month last year, new statistics reveal.
29th March 2024

EBM-Papst opens new Chinese HQ

CHINA: German fans and motors manufacturer EBM-Papst has established a new 33,000m² local headquarters in China, bringing together the company’s previous four locations in Shanghai.
28th March 2024

Hudson warns of unsafe US recovery cylinders

USA: The US refrigerant supplier and reclaimer Hudson Technologies has warned of illegal and unsafe recovery cylinders entering the US market.
28th March 2024

Topical talks at Bath breakfast meeting

UK: The next South West South Wales Refrigeration Society breakfast briefing will feature talks from three experienced and knowledgable speakers on varied refrigeration and air conditioning topics.
28th March 2024

CO2 compressor for multiple applications

ITALY: Frascold’s new TK HD series transcritical CO2 compressors are designed for a wide range of refrigeration and air conditioning applications, as well as high-temperature heat pumps up to 100°C.
28th March 2024

Copeland releases 50hp scroll in Asia

CHINA: US compressor manufacturer Copeland is to launch a 50hp scroll for heat pump OEMs in Asia.