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Caravell in £9.8m MBO

COMMERCIAL refrigerator distributor Caravell UK, has been the subject of a £9.8m management buy-out out from its Danish parent, Caravell A/S Demark. The purchase includes Caravell UK's 100,000ft2 freehold premises in Buckingham.
The Danish holding company, Anders Brondum has retained a minority 12.5% share in the UK company, with the MBO team - comprising three Caravell UK directors and private investor Nick Mustoe, venture capitalist and chairman of international advertising agency Mustoes - holding the majority of shares.
The three Caravell UK directors involved are chairman Hans Jensen, recently-appointed md John Lougher and financial director Lorne Bowler. The company has also appointed announces ex Lec Refrigeration manufacturing director Kevin Marks as the company's new technical service director. Nick Mustoe joins the new management team as non-executive director.
The MBO was in response to the management's desire to have total independence in its ability to source product to meet the opportunities offered by the UK market.

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

Panasonic’s Aquarea Loop transforms retrofit heating and cooling

Panasonic Heating & Cooling Solutions has introduced the Aquarea Loop, a new decentralised water-to-air heat pump designed for optimal energy efficiency. This system operates with a low-temperature central water loop of 20° - 30°C year-round, ...

  12-Feb-2025

RFGC - New Sanhua Thermostatic Expansion Valve ready for R290

The main body in stainless steel guarantees an increased robustness and the certainly of a lead-free material and welding is in copper. RFGC 06 series has been designed and optimized for application with propane (R290).
  03-Feb-2025
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