Glacio, a Constellation company, announces 100% acquisition of 3PL provider Göteborgs Frysehus. The transaction marks two important milestones for Glacio as this is Glacio’s first acquisition, and Glacio’s first venture into the Swedish market.
"We are very enthusiastic about the acquisition of Göteborgs Fryshus," says Espen S. Karlsen, CEO of Glacio. "It is our first business outside Norway, and we strongly believe that Göteborgs Fryshus has important qualities to add to the Glacio Group. Göteborgs Fryshus has skilled employees and management, market-leading customers, and a strategically important location. In short, a very good match for Glacio and the addition will strengthen our service offering and position in the market. This will create new strategic opportunities for us and our customers.”
"Göteborgs Fryshus has succeeded in attracting strong customers and has the best opportunities to further improve its position in the Swedish market," says Jan Bergquist, Chairman of the Board of Göteborgs Fryshus and part-owner of Icemen Groupe. "Glacio has the right ambitions and will be able to take Göteborgs Fryshus to the next level. We are confident that Glacio is the business that has the best position for creating value for our customers and developing our employees now that Jan and I are retiring," says the outgoing CEO and part-owner Thomas Nydén.
Henrik Hellgren moves from the position of Vice President to CEO in Göteborgs Fryshus. Joakim Krantz will continue as CFO and Jimmy Nydén and Branko Majnovic as site managers.
"I look forward to working closely with Glacio to further develop Göteborgs Fryshus. Not least, good opportunities are opening up in the market and together with Constellation Cold Logistics we can offer customers solutions in several countries”, says the CEO, Henrik Hellgren.
The parties have agreed to keep the purchase price confidential.
Glacio Cold Chain Logistics offers 3PL solutions within temperature-regulated goods. With the companies Glacio Fredrikstad, Glacio Rakkestad and Glacio Transport, we offer storage and transport of frozen, chilled and temperate goods in Eastern Norway in Norway. Glacio is a member of Constellation Cold Logistics with operations in Norway, England, Belgium and the Netherlands.
Constellation is a platform company comprising market-leading cold storage and logistics businesses in Europe. Its aim is to become a European leader in delivering networked high-quality cold chain infrastructure solutions to its food industry customers. The group currently includes HSH in the UK, Glacio in Norway and Sweden, Lintelo in the Netherlands and Stockhabo in Belgium, with a total of over 370,000 pallet positions across twelve facilities and a wide range of customers across Europe and globally.
About Göteborgs Fryshus
Göteborgs Fryshus offers 3PL solutions within temperature-regulated goods in the Gothenburg region of western Sweden. With two cold stores, its own trucks and a central location around the E6 and Gothenburg harbour, the business has a market-leading position in the region.