DENMARK: Tefcold, the Danish supplier of commercial cooling and freezing equipment, has acquired Czech commercial refrigeration wholesaler Nosreti Velkoobchod.
A 30-year-old privately owned company, Nosreti Velkoobchod operates out of Ostrava in Czech and Bratislava in Slovakia. It has 38 employees and sells around 16,000 cooling units per year in addition to selling air conditioning and heat pumps.
“The acquisition of Nosreti Velkoobchod will help us increase our supplier base and improve our 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 Nosreti Velkoobchod for many years and are very comfortable that this acquisition will strengthen both companies and their customers.”
Tefcold is Danish family-owned company selling more than 150,000 units out of three warehouses in Europe and direct from factories.
“Acquiring Nosreti Velkoobchod is an important part of our growth ambition,” said main shareholder of the Tefcold Group Torben L Christensen.”
Tefcold says the companies will continue with “business as usual” under the new common ownership. Nosreti Velkoobchod will be run by the same management group headed by managing director Andrea Steckerova and the same employees as today.