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Belgian machine-building group Sticomax has acquired Dutch spiral freezer specialist ICS Spiral Freezers, the fifth Dutch company to join the group in two years.
Belgian food processing machinery group Sticomax, backed by Vybros Capital, has acquired Netherlands-based ICS Spiral Freezers, a specialist in spiral freezers, coolers and proofing towers. The acquisition adds approximately €23 million in revenue to Sticomax.