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NEWS Frigel acquires Green Box


Frigel, the Italy-based industrial cooling systems manufacturer, has taken over its compatriot Green Box. Terms were not disclosed. Based near Padua, Green Box has annual sales of €10m and specialises in machines and systems for industrial processes using water and other fluids for temperature control in many industries, including plastics. Frigel said the purpose of


the takeover was to create a €70m turnover group that would be “an increasingly important reference point in the market of industrial refrigeration worldwide”,


markets,” said Duccio Dorin, Frigel’s CEO. Frigel has operations in


Green Box makes chiller systems


for plastics and other industries


with “significant margins and interesting growth prospects”. Franco and Caterina Spiandorello, CEO and managing director respectively of Green Box, will join the Frigel manage-


ment team. “There is great innovative and technical potential in Green Box that can now find its natural outlet thanks to the Frigel Group’s strong- hold in international


Italy, the US, Germany, Brazil, India and Thailand making cooling systems, chillers and temperature controllers for many different industrial applications, also including plastics processing and rubber. The addition of Green Box’s technologies “expands our horizons”, said Frigel Global Marketing Manager Al Fosco during the NPE 2018 show. The Green Box products


have little overlap with Frigel’s, he said. � www.frigel.comwww.greenbox.it


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