Frascold sets up US subsidiary

USA: Italian compressor manufacturer Frascold has established a subsidiary company in Seattle to look after the US and Canadian markets.

Frascold USA will be headed by Kristian Ellefsen as CEO. Mr Ellefsen has worked in the industrial refrigeration sector for close to a decade and was previously president and CEO of Frascold US distributor Frascool.

Over the next 3-5 years, Frascold says it will invest heavily in the North American market in order to grow its presence and brand recognition. More offices through the USA are promised.