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LJH Holding sold Artax Kühlhaus Zentrum to Nordfrost
MP Corporate Finance acted as the exclusive financial advisor to German LJH Holding GmbH and Austrian Artax AG in the sale of their shares in listed Kühlhaus Zentrum AG to Nordfrost GmbH & Co KG.
The two major shareholders decided to sell their interest in Kühlhaus Zentrum AG as the cold store business no longer formed a core segment of their activities.
Kühlhaus Zentrum AG, which is about to celebrate its 100 year anniversary next year, is one of the biggest cold stores in Hamburg with a storage capacity of more than 91.000m³ equivalent to approximately 23.000 euro pallets.
Nordfrost Group, based in Schortens/ Germany, is one of the market leaders in the German cold store business. The Group which is still family owned and run by Mr. Horst Bartels generates a turnover of € 400m with more than 2,000 employees. The acquisition will enlarge and support Nordfrost’s activities in the Hamburg Harbour.
LJH Holding and Artax sold Kühlhaus Zentrum to Nordfrost
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