Mentha Capital has sold Fri-Jado, a globally active food retail equipment specialist, to Torqx Capital Partners. Fri-Jado is the market leader in batch cooking rotisseries and offers a range of innovative counters for displaying hot and cold food. Fri-Jado builds on decades of food retail equipment expertise, with a long track record of innovation in the industry. It is a supplier to 15 of the world’s top 25 food retailers and is well positioned to benefit from consumer trends driving food retailers to focus more on in-store experience and convenience. The company is headquartered in Etten-Leur, the Netherlands, with sales offices in the UK and the US complemented by a global distribution network of over 70 partners.
Fri-Jado has achieved strong growth in recent years. The company was acquired by Mentha Capital in 2014 in a carve-out from TBI, and has further developed as a technology leader in its segment with a solid base for further growth.
Laurens Engbers, CEO of Fri-Jado, commented: “With Mentha Capital, Fri-Jado has increased its focus on the core business which has significantly improved our financial performance. We are now well positioned to benefit from favorable global industry trends in the coming years. We look forward to continuing to serve our global client base through our existing product offering, as well as through the rollout of new product categories, and are excited to do so with the support of Torqx Capital Partners.”
Gijs Botman, Managing Partner, said: “Fri-Jado has done a tremendous job and we look back on strong and fun years with the company. Fri-Jado is an important example of production and design within the Netherlands, with connections all over the world; and is here to stay. We are confident that Torqx Capital Partners is the right partner for Fri-Jado in terms of supporting further development and growth.”