Beijer Ref acquires refrigeration wholesaler in South Africa
Beijer Ref AB has entered into an agreement to acquire the business of Tecsa (Pty) Ltd and its assets. The acquisition broadens the base in Southern Africa.Tecsa Pty Ltd, controlled by Westbrooke Investments and trading as TecsaReco, is a South African wholesaler that offers a wide range of products and brands within commercial and domestic refrigeration, air conditioning and spare parts for domestic appliances. Beijer Ref acquires the company for a purchase price amounting to between SEK 255 and 300 million. The variable portion of the purchase price is dependent on TecsaReco’s performance