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05-15-2018

Frigel has Completed Takeover of Green Box

Case of Sector Convergence between Italian Family Businesses

Frigel produces cooling systems, chillers and temperature controllers for industrial applications, using advanced technologies for process cooling and temperature control (© Frigel)

Frigel produces cooling systems, chillers and temperature controllers for industrial applications, using advanced technologies for process cooling and temperature control (© Frigel)

Founded in 1991 in Piove di Sacco (Padua), Green Box is specialized in the production of machines and systems for industrial processes using water and other fluids for temperature control(© Green Box

Founded in 1991 in Piove di Sacco (Padua), Green Box is specialized in the production of machines and systems for industrial processes using water and other fluids for temperature control (© Green Box

Frigel Firenze S.p.A. based in Scandicci, provicer in industrial cooling systems, has reached an important goal by taking over the company Green Box S.r.l. from Padua, with the aim of creating an increasingly important reference point in the market of industrial refrigeration worldwide.

This operation concerned 100% of Green Box shares, and confirms Franco Spiandorello and Caterina Spiandorello, formerly chief executive officer and managing director of the company, as key figures in the Frigel management team.

The takeover of Green Box will allow Frigel to further strengthen its presence on the international market by creating a group with a turnover of over 70 million euro.

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