DSI Freezing Solutions has acquired Cryogenic Equipment and Services (CES) and Dantech Freezing Systems.
DSI’s plate freezing expertise will now be enhanced with cryogenic and mechanical freezing technologies, which together will cover both high and low volume production as well as IQF, block and bulk freezing for the entire spectrum of food stuffs.
“With these two strategic acquisitions, we’ve become the only global player that can offer the food industry the full range of freezing technology as well as a broad choice of solutions for cooling and heat treatment of food,” commented Lars Priess, chief executive of DSI Freezing Solutions.
Employing around 300 workers, DSI is present in Denmark, Korea, Singapore, Russia, and the United States. Since its acquisition in 2017 by private equity fund, Procuritas Capital Investors, the company has focused on securing future growth, partly through the acquisition of long-standing partner Erlinord and partly through investments in production, sales organisation, test facilities, R&D and IT.
Headquartered in Belgium CES was established in 1989 by Karel Vanackere. It supplies equipment mainly to the food industry, but also to the pharmaceutical and metal industries. Founded in 2017, Dantech is headquartered in Aalborg and has branches in the US, Singapore, Mexico, Russia, Poland and Germany.
Despite the Covid-19 pandemic, DSI Freezing Solutions achieved a top-line growth of +5% and a bottom-line growth of +10% in 2020 and expects a turnover of more than DKK500 million in 2021.