ACR-News
Know what you want? Try our 'Supplier Directory' 

Beijer to buy Carrier's wholesale business

G & L BEIJER, the Swedish owners of UK wholesaler Dean & Wood intends to acquire Carrier's refrigeration wholesale distribution operations in Europe and South Africa through a new share issue to Carrier.
The combined operations are expected to have annual net sales of approximately £489m with an operating profit of £42m.

The combined company will have operations in 21 countries including the Nordic and Baltic countries, the UK, Holland, Spain, Belgium, Switzerland, France, Italy, some Eastern European countries and South Africa.

Carrier will also add an enhanced product portfolio to G & L Beijer's existing product programme.

Commenting on the transaction, Geraud Darnis, president of Carrier Corporation, said, 'With this transaction, Carrier will increase its focus on its larger and successful food retail European operations.'

In its six-month report ended 30 June 2008, G & L Beijer reported sales of 270m (SEK 3,254m).

Carrier's European refrigeration wholesale distribution sales were £215m (SEK 2,600m) in the same period.

The transaction is subject to completing satisfactory due diligence reviews as well as reaching final agreement, which is expected around the end of 2008.

Completion of the transaction will also be subject to customary closing conditions, such as obtaining regulatory clearances and third-party consents as required. The transaction will also require the approval of G & L Beijer shareholders.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

AncillaryHUB hits the spot with installer support

Beijer Ref UK & Ireland is stepping up its ancillary offering with a dedicated service for air conditioning and refrigeration installers....

  24-May-2024

Summer is coming - checklist for chillers in summer

With the warmer summer months coming, we recommend you give your chiller a good clean and inspection so equipment can operate efficiently and production can run smoothly.
  17-May-2024
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

BESA National Conference