Mill Point Capital Announces Carve-Out of FEMSA’s Commercial Refrigeration and Foodservice Equipment Businesses
The Transaction Unites Imbera and Torrey Under a New Platform,
With an operating history of over 80 years under the Imbera and Torrey brands, AeriTek has an annual production capacity of over one million refrigeration units, as well as 13 sales offices globally. The Company is a trusted partner to global food & beverage clients, offering innovative refrigeration solutions with best-in-class quality and sustainability standards. Furthermore, AeriTek offers a broad portfolio of foodservice processing products, as well as an expansive suite of aftermarket services.
“AeriTek's commitment to superior product quality, innovative sustainability practices and comprehensive aftermarket services sets it apart in the industry,” said
"We are proud to partner with AeriTek, a business with a rich heritage of developing innovative products for its customers at the point of sale. We believe the Company’s differentiated design and manufacturing capabilities, including their in-house testing laboratories, will position AeriTek for swift and effective execution of our Value Creation Plan. By combining Hernan and his team’s expertise with Mill Point’s resources, we believe that we can unlock significant value,” added
This transaction is subject to regulatory approvals and other customary conditions and is expected to close in the following months.
About AeriTek Global
Since its inception in 1941, AeriTek has been a trailblazer in the commercial refrigeration and foodservice equipment markets doing business as Imbera and Torrey. The Company offers an expansive portfolio of highly customized products, setting itself apart through relentless product innovation and delivering best-in-class quality. Additionally, AeriTek is an industry leader in sustainability standards and aftermarket services. AeriTek is headquartered in
About
About FEMSA
FEMSA (NYSE: FMX) is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Americas Division operating OXXO, a small-format store chain, and other related retail formats, and Proximity Europe which includes Valora, a European retail unit which operates convenience and foodvenience formats. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin by OXXO and Spin Premia, among other digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume. Across its business units, FEMSA has more than 392,000 employees in 18 countries. FEMSA is a member of the
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Jiaeh Kim, info@millpoint.com, 212-416-5800
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