DSI Freezing Solutions, a portfolio company is Procuritas Capital Investors, has acquired Cryogenic Equipment and Services (CES), and signed a contract to acquire Dantech Freezing Systems (Dantech).
The Denmark-based plate freezing technology company today (1st June) confirmed the news as part of an effort to transform itself in a new global player with the industry’s widest product range within industrial freezing, cooling and heat treatment for food.
With the acquisition of cryogenic freezing expert, and the proposed acquisition of Dantech, DSI has established itself as what they it believes to be the only global supplier of all three types of freezing technology, creating significant synergies for both existing and future customers.
Commenting on the transaction, Oskar Lindholm-Wu, Partner at Procuritas, said, “We are delighted to announce these add-on acquisitions which are a great step forward in our transformational growth strategy for DSI, Procuritas’s first investment in its sixth fund.”
“DSI is a classic example of how we apply our decades of hands-on experience to build up a niche market leader through acquisitions as well as organic growth.”
Lars Priess, CEO of DSI, added, “With these two new strategic acquisitions, DSI has become the only global player that can offer the food industry the full range of freezing technology as well as a broad choice of solutions for cooling and heat treatment of food.”
“We look forward to getting even closer to our customers thanks to our strong production and service setup in Europe, the US and Asia. About half of our customers use several different types of freezing technology, which they can now get from a single supplier.”