Second Exit in 2022: Mutares portfolio company Frigoscandia receives irrevocable offer to sell French subsidiary to Olano Services SAS
Munich, 11 May 2022 – Frigoscandia AB, an operator of transport and terminal services in the field of food-logistics and since December 2021 a 100% holding of Mutares SE & Co. KGaA (ISIN: DE000A2NB650), has received an irrevocable offer to sell all shares in its French subsidiary Frigoscandia SAS to the French logistics company Olano Services SAS. The transaction is expected to be completed in Q3 2022.
The company, based in Boulogne-Sur-Mer, focuses primarily on the domestic transport of temperature-controlled goods and specializes mainly in the seafood segment. Its logistics platform mainly consists of its own fleet of about 50 vehicles, a terminal and approximately 70 employees. The company will be sold to Olano Services SAS, an existing strategic partner.
Frigoscandia’s focus going forward is now on growing and strengthening its position in the Nordic region as their home market, while refining its international network primarily through external partners.