STEF acquires Frigosuisse and an operating warehouse
The French transport and logistics group STEF strengthens its frozen food logistics network in Switzerland with the acquisition of Frigosuisse, led by Swisa. The group acquires, through ImmoStef Suisse, their property company specialised in refrigerated real estate, the Swiss frozen foods logistics platform as well as a warehouse located in Möhlin, Aargau.
Founded in 1931, the Swiss company Frigosuisse specializes in the storage, preparation of orders and distribution of temperature-controlled food products. It operates a 19,000 m² semi-automated warehouse in Möhlin which offers a storage capacity of 34,500 pallets, including 33,000 frozen. In 2021, it achieved a turnover of approximately 13 MCHF.
STEF is specialized in temperature-controlled transport and logistics services. The group carries fresh, frozen or thermo-sensitive products from the production to their consumption sites through an extensive network of 227 platforms and warehouses spread over seven countries in Europe, the group’s 16,700 employees serve agrifood manufacturers, retailers and out-of-home foodservice businessses. In 2017, the STEF Group posted turnover of 2,976 million euros. After building a very modern warehouse in Kölliken in 2018, STEF is investing again in the Aargau region, in northern Switzerland, to support its customers. The acquisition will be finalized at the end of June 2022.
Borel & Barbey advised STEF Suisse and Immostef Suisse in connection with these acquisitions. The team was led by Arnaud Cywie (counsel, tax, pictured right) and Alexandre Gallopin (partner, corporate/m&a, pictured left) with the support of Clément Neveceral and Vincent Berger.
