Guatemala. The Hoshizaki group would have paid about US $28 million for the percentage stake in the company that manufactures commercial refrigeration equipment.
This synergistic move will allow both companies to improve their innovation and strengthen their position in the market, offering greater added value. It also opens the door to an expanded portfolio of products and solutions, which will make it easier for customers to optimize operations and improve their overall efficiency.
"We are thrilled to welcome Fogel to the Hoshizaki Alliance family," said Chris Karssiens, regional president of Hoshizaki Americas. "This partnership emphasizes our mission to provide the best solutions to our customers through synergies between our companies. We're merging our strengths in technology, but the real synergies are people. It's the people who really matter."
"The Hoshizaki Alliance has a proven track record of excellence and a strong reputation for delivering superior quality products," said Jacobo Gustavo Bernardo Tefel Farrer, president of Fogel. "We are excited to join forces with Hoshizaki and leverage our combined capabilities to drive growth and innovation in the commercial refrigeration market."
