Precision Refrigeration

The Arcticom Group acquired Precision Refrigeration, a commercial refrigeration and HVAC services provider based in Victoria, British Columbia. Financial terms were not disclosed.

Precision Refrigeration is nearing completion of a £250,000 factory investment programme to double capacity and speed up production at its facility, supported by a £34,000 grant from New Anglia Local Enterprise Partnership.

Precision Refrigeration is investing £250,000 in its Norfolk factory, including a £34,000 grant, to double capacity and reduce manufacturing time by 5% through new tooling, racking, and layout changes.

Precision Refrigeration announced a £250,000 investment to increase capacity at its factory in Thetford, UK, including restructuring the factory layout and manufacturing processes. The company will also recruit an additional 30% employees.