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

Frigoglass finds SFA a Turkish delight

REFRIGERATION manufacturer Frigoglass has bought a majority share in Turkish drinks cooler maker SFA.
Greek refrigeration manufacturer Frigoglass will be acquiring up to 86% of the company's equity for €50 million (including debt but excluding acquisition costs).

SFA is a leading exporting supplier of coolers in Turkey and has a strong presence in the brewery, dairy and juice segments. SFA's 2008 sales are expected to be €50 million.

Petros Diamantides, managing director of Frigoglass, said
'We are delighted to announce this latest expansion of our geographic footprint in Turkey which is in line with our strategy of entering new markets where attractive growth potential exists.
'The production facilities in Turkey further provide an excellent base for the promising markets of Central Asia and the Near East that we would be pursuing.'

Frigoglass has a sales office in Milton Keynes. Its cooler manufacturing and distribution plants are located in Norway, Poland, Russia, India, China, South Africa and Greece.
The completion of its purchase deal is subject to approval from the Turkish authorities.

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 opens new UK head office with training centre

Panasonic has opened its new UK premises, dedicated to the HVACR+ market, which includes its largest UK training centre, kitted out with fully functioning units for hands-on experience....

  25-May-2022

Sanhua welcomes Neil Panting as the new Sales Manager for the UK, Ireland & Scandinavia.

Neil is responsible for the wholesaler segment, providing wholesalers with both sales and technical support.
  18-May-2022
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

Mostra
IOR London Dinner
Chillventa