Coolworld acquires the CRS Group
7th August 2024
NETHERLANDS/IRELAND: Coolworld Rentals, a European specialist in industrial temperature control asset rental solutions, has acquired modular cold storage company CRS.
The Meath-based CRS Group specialises in upgrading and customising cold stores into high-spec modular temperature-controlled storage units, predominantly by customers in the food and pharmaceutical sectors.
In addition to its Meath headquarters, the CRS Group operates CRS Refrigeration from Kildalkey and CRS Cold Storage facilities in Bedfordshire and Ellesmere Port in the UK.
The founding family behind CRS, including brothers John and Patrick Tyrrell, will become shareholders in the wider, Coolworld Rentals pan-European group and who will continue in leadership positions in the business.
Coolworld operates offices, logistic depots and service points in the Netherlands, Belgium, Germany, France, Switzerland and Austria.
Its primary asset segments include modular cold storage, industrial chillers for process cooling and integrated climate control units.
Through the acquisition of CRS, Coolworld will establish a strong base of operations in two new countries, the UK and Ireland, and significantly deepen its value proposition in the modular cold storage segment.
It will bring on board the innovative and solutions-led CRS team together with its in-house engineering and fabrication capabilities.
