Clairfield advises Eurofred on sale of Horeca Global Solutions to TEFCOLD
Eurofred, a market leader in HVAC with a European footprint, sold its non-core subsidiary Horeca Global Solutions to TEFCOLD, a leading supplier of foodservice equipment.
Horeca Global Solutions is a well-known distributor of commercial cooling and other Horeca products in the Iberian Peninsula. The company is based in Barcelona with 21 employees in Spain and Portugal and warehouses in Barcelona and the Canary Islands. Horeca Global Solutions supplies products to the foodservice industry, such as refrigeration equipment, freezers and display cabinets, as well as washing, cooking, pizza, ice-cream, pastry, and beverage machinery.
The TEFCOLD Group is headquartered in Viborg, Denmark and has 170 employees in 10 countries. TEFCOLD sells to over 6,000 customers. The supply chain is handled from eight warehouses in Europe with deliveries of more than 170,000 coolers to around 100 countries globally.
The addition of Horeca Global Solutions to the TEFCOLD Group will strengthen the group and help them serve its customers better, faster, and more competitively going forward. This transaction also marks an important milestone for its growth and expansion strategy across Europe.
Clairfield International acted as exclusive financial advisor to Eurofred.
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