December 15, 2010 - Assignment

G&L Beijer acquires Carrier’s refrigeration wholesale business in Thailand

G&L Beijer has agreed to acquire Carrier Corporation’s refrigeration wholesale operation in Thailand. The acquisition will be made through a company jointly-owned by G&L Beijer and B Grimm Ltd.

G&L Beijer includes Beijer Ref, the largest refrigeration wholesale group in Europe. The group has approximately 1,700 employees, operates in more than 20 markets and has an annual turnover of approximately EUR 540 million. G&L Beijer is listed on NASDAQ OMX Stockholm.

G&L Beijer was advised by Mannheimer Swartling on the transaction. The firm’s team was led by Claes Albinsson and Lucas Jonsson.