Florigo was active in the design and manufacture of innovative frying technology for large and medium-sized snack and french fry processing lines, including washing, de-stoning, peeling, slicing, blanching, drying, frying, cooling and freezing equipment.
In 2012, Braver Investments, as the majority shareholder, took Florigo out of bankruptcy together with Festos as co-investor. Despite the considerable technical know-how and quality-reputation, the company had ended in receivership. In the first period we actively supported management in right sizing and restarting the operation in a very hands-on manner.
Thereafter, we revitalized Florigo, invested substantially in growth, management skills, the quality of the employee’s, upgraded its’ engineering capabilities and innovation agility. With the divestment in 2015 to TNA, Florigo was given a new future as the international foothold for potato frying and snack technology of TNA, an Australian global market leader in Food Processing Equipment. The number of employees, the turnover and the profits of Florigo and TNA have continued to grow ever since which makes this a clear example of a win-win situation for all involved.
Divested in 2015.