Beijer to buy German wholesaler Grün
25th September 2014
GERMANY: The Swedish refrigeration group Beijer Ref is set to acquire German refrigeration wholesaler Grün Großhandel für Kälte- und Klimazubehör.
A family-owned business, Grün was founded in 1969 and has sales of approximately €2.73m.
”Germany continues to be a very interesting growth market in which Beijer Ref is gradually developing an increasingly strong position,” commented Per Bertland, Beijer Ref’s ceo.
“Grün will be a valuable addition in the German market thanks to its excellent geographic location in Stuttgart and an operation which fits Beijer Ref’s profile within both refrigeration wholesale trading and comfort cooling.”
Beijer Ref established an operation in Germany in 2011. With its acquisition of Grün, the Group will have operations in Düsseldorf, Nuremberg, Munich, Leipzig and Stuttgart. The company will be integrated into Beijer Ref and is expected to provide a strengthened market position and cost synergies through co-ordination with Beijer’s existing operation in Germany.
Grün’s management will continue to take an active part in the company.
