Koxka, the rejuvenated commercial refrigeration equipment manufacturer, acquired its two manufacturing plants.
In March, Koxka also acquired its two manufacturing plants in Pamplona and Peralta by financing from ACOFI, the French debt fund specialising in the real estate sector and Spanish real estate company Navarra Suelo y Vivienda (NASUVINSA). The 30,000m2 Pamplona plant manufactures remote and plug-in refrigeration cases, and the 15,000m2 Peralta plant is a refrigeration equipment factory.
Koxka predicts an increase in sales by 27% this year to €37m. The efforts made in the company’s balance sheet during the 2020 financial year, with a capital strengthening of EUR 5 million, maintaining the level of indebtedness and improving asset ratios, have laid the necessary foundations to meet the expected profitability targets for the business.
Despite the standstill caused by COVID-19 in 2020, Koxka expects to return to double-digit annual growth for the year 2021. In the first 5 years of operations, the foundations have been laid to consolidate the Group with its customers, developing a portfolio of products that cover the needs of Koxka customers. It offers both turnkey projects, a competent service, a complete range of spare parts, as well as retrofit and restyling services.
