AG Capital and UnternehmensGut have acquired a majority stake in Celltherm Isolierung GmbH to strengthen its position in the refrigeration market and drive growth.

Target Company Information

AG Capital and UnternehmensGut, long-term oriented mid-market investors, have jointly acquired a majority stake in Celltherm Isolierung GmbH, a leading manufacturer of cooling and freezing cells based in Gronau-Epe, Germany. The company has been a prominent player in its field for over 40 years, specializing in the production of polyurethane (PUR) insulated elements and doors for modular cooling and freezing cells. Founding partners Holger Bialdiga and Bart Verhoeven will retain minority stakes in the company while continuing their management roles.

Celltherm has set a standard for high-quality cooling solutions, manufacturing PUR-insulated components with integrated eccentric tension locks since 1982. Today, it stands as a prominent European manufacturer of discontinuously produced insulating panels, catering to a diverse clientele across the wholesale and retail food sectors, gastronomy, large kitchen catering, as well as industries requiring high-quality temperature-sensitive storage solutions such as pathology, pharmaceuticals, and laboratory technology.

Industry Overview

The demand for cooling solutions in Germany and Europe has seen substantial growth due to increasing requirements for food safety and quality assurance. With a focus on energy efficiency and sustainability, the refrigeration industry is evolving, pushin