Air conditioning and refrigeration supply and installation business, CB Refrigeration, has been taken over by the directors of electrical services and facilities company, Ayjay Group.
Based in South Wales, CB Refrigeration was established in 1968 by Bryan and Patricia Andrews, offering supply, installation, maintenance and repair of all types of commercial refrigeration equipment, cellar cooling, air conditioning and glasswashers.
The company particularly focuses on the brewery, pub and service sectors.
Andrew Hall, Jason Beament and Simon Beament are the trio behind the purchase, with their business portfolio including Caerphilly-based Ayjay Group, which specialises in electrical installations within the refrigeration sector.
CB Refrigeration was acquired as an investment by the directors to support their plans for expansion, and compliment and strengthen the existing business portfolio.
Beament commented: “This acquisition will have a positive effect on the continuity of both businesses.
“Current customers will continue to seamlessly enjoy existing services, with no change to the present team or company name.
“We look forward to driving the business forward, and develop the growth of the brand in future years.”
CB Refrigeration MD, Mark Andrews, added: “We are delighted to be handing the business over to the controlling force of a company we consider to have a great reputation for quality and service within the industry; with the knowledge that our customers and employees can expect the same duty of care following the change of management.”