UK/DENMARK: Commercial refrigeration equipment wholesaler Interlevin has been acquired by its Danish product supplier Tefcold.
The acquisition by the newly-formed Tefcold Group will see Interlevin being run as a sister company to Tefcold AS.
Established in 1967 and based in Castle Donington, Interlevin Refrigeration has 38 employees with sales of approximately 40,000 plug-in cooling units per year.
Tefcold was formed in 1987 by Frede and Torben Christensen. It develops, manufactures and distributes professional cooling equipment in more than 100 countries worldwide. Its warehouse in Viborg, which holds a minimum of 23,000 units, was supplemented at the end of last year with the opening of a warehouse in Slovenia.
“The acquisition of Interlevin will help us increase our supplier base and logistical set up in Europe and hence allow us to serve our customers even better going forward,” said Tefcold CEO Jesper Kirkeby Hansen.
“We have worked with Interlevin for almost 30 years and are very comfortable that this acquisition will strengthen both companies, our customers and our suppliers.”
“After having run the company successfully for many years we are happy to pass the ball over to Tefcold to take the company into the future,” commented Interlevin CEO Dennis Hart.
“Acquiring Interlevin is an important part of our growth ambition,” said Tefcold owner Torben L Christensen. “The acquisition brings us closer to our customers, increases our already broad group of products and provides the group with a number of excellent employees.”
Jesper Kirkeby Hansen said that the Interlevin and Tefcold business will continue “as usual” under the new common ownership. “Interlevin and Tefcold are two very successful companies in the cooling industry and we hope we can continue with the same suppliers and customers going forward,” he said.
“In the short term, there will not be many changes but in the longer term we are planning to integrate IT systems, product development and logistics while keeping sales and customers separate.”