HOSHIZAKI CORPORATION announces that Hoshizaki Europe BV, its Dutch sales subsidiary, and GRAM COMMERCIAL A/S, a Danish manufacturing and sales subsidiary, will merge on June 1,2020. The details are as follows:
Purpose of the merger
GRAM COMMERCIAL A/S, a manufacturing subsidiary of Hoshizaki and Hoshizaki Europe B.V., a sales subsidiary of Hoshizaki will be merged in order to integrate R&D, manufacturing and sales function of two entities. The integration will enable prompt decision making in any phase of value chain and enhancement of product planning and development. Hoshizaki aims at expanding its market share of commercial refrigerator successfully throughout European market, one of the largest market in the world.