Torqx Capital Partners acquires Fri-Jado, a global leader in rotisseries
Torqx Capital Partners (“Torqx”) is pleased to announce that it has acquired Fri-Jado B.V. and its affiliated companies (“Fri-Jado” or “the Company”). Fri-Jado is a globally leading manufacturer of rotisseries and hot & cold food presentation equipment for the retail and food-to-go industry. The Company is a spin-out from the Frimex/Fri-Jado group.
Laurens Engbers, CEO at Fri-Jado comments: “With Torqx we have found a partner who shows a deep understanding of our business and has an excellent track-record in supporting companies to realize their business plans and accelerate profitable growth. We are excited to continue our growth path together with the Torqx team”.
Harmen Geerts, Managing Partner at Torqx comments: “Torqx is impressed by Fri-Jado’s innovative product range, retail expertise, longstanding customer base and leading market position. Every day, the equipment of Fri-Jado is used by world-class retailers, convenience stores, restaurants, and specialty stores. We look forward to working with the management team to further build on Fri-Jado’s leading market position.”
Jeroen Meeder, Partner at Torqx comments: “We believe that the trend to drive attraction and conversion in convenience food through superior cooking quality and irresistible presentation will continue. We look forward to supporting Fri-Jado in further building momentum and driving its performance.”
Since 1937, Fri-Jado has been developing and manufacturing high-quality equipment for preparing, presenting and preserving hot and cold food products. It provides food retail and food-to-go customers all over the world with the best-in-class technology that makes their food products stand out and ensures the highest standards in food quality. Fri-Jado’s main product categories are batch rotisseries, food-to-go merchandisers and counters. The company is headquartered in Etten-Leur (NL) and has dedicated sales offices in the US and in the UK. In the UK the company also operates a service organization. The company employs ca. 165 people. For more information, please visit www.frijado.com