Criocabin S.p.a. has announced an acquisition of Mondel S.r.l.

Date: 23 October 2020
Criocabin S.p.a. has announced an acquisition of Mondel S.r.l.
Criocabin S.p.a., a leading company in the design and production of refrigeration counters, has announced that it has entered into an agreement for the acquisition of Mondel S.r.l., a historic brand in the sector. Over time, the company from Solesino (PD) has developed a highly appreciated product portfolio for food distribution, in particular with “custom made” displays for fish and meat.

Mondel will integrate with the companies of the Criocabin family, being able to take advantage of group synergies while still remaining an independent entity and brand.

"We are delighted to start integrating Mondel, a leading brand in a niche sector, into the group. Our support will better develop its great potential", declared Andrea Babetto, President and CEO of Criocabin. "By expanding our business to Mondel products, we will be able to strengthen our presence in certain segments - such as that relating to special products for the display of fish and meat - which are expected to grow strongly on national and international markets. This is an operation particularly significant, as it takes place in a very troubled year for the economy, which testifies to the spirit of growth of our group and the commitment of shareholders and management in the pursuit of our objectives "

"The possibility of being part of the historic Criocabin family, characterized by a great attention to design, a cutting-edge organization and a strong presence on international markets, offers a great prospect of development to our company and to all employees." commented Paolo Miotto and Cinzia Zanella, founders and partners of Mondel.

Paolo Miotto and Cinzia Zanella will remain in the group formed by the companies Criocabin, Zoin and Mondel, remaining on the board of directors of the latter.
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