Clearwater has advised Francks Kylindustri on its sale to Segulah.
Francks Kylindustri is the market leading provider of industrial refrigeration in Sweden, with a turnover of €42.8m (SEK 450m). Founded in 1950, the company, , has 200 employees and a head office in Norrköping. Through its ten office locations, including Ludvika in the north, to Helsingborg in the south, Francks performs complex refrigeration installations across various industries.
Both the current chairman, Göran Franck, and CEO Per Hannius, will remain as owners together with Segulah.
Transaction
Francks Kylindustri sold to Segulah
Transaction
Francks Kylindustri sold to Segulah
Sell-side
Undisclosed
Role
Adviser to Francks Kylindustri on its sale to Segulah
Sector
Business Services
Region
Sweden
I look forward to working with Segulah in order for Francks to grow and to develop the business. With the backing of Segulah as an owner, we will be able to grow further, both organically and through strategic acquisitions.
Segulah has made several successful investments in the installation industry and we are pleased to take over as majority owners. We’re looking forward to working together with the highly competent management at Francks to support continued growth.
Francks Kylindustri is market leading in the Swedish industrial refrigeration industry. The industry is characterised by high activity, partly because of stricter environmental requirements. Francks is at the forefront of the industry and has a broad knowledge of natural refrigerants. With backing by Segulah, the company gets the additional capacity to continue its rapid expansion. We're looking forward to following Franck's development in the future.
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