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Europe’s $800 Billion Energy Crisis Sparks Investment Frenzy
FN Media Group Presents Oilprice.com Market Commentary
LONDON, March 4, 2024 /PRNewswire/ — The energy crisis that engulfed Europe after Western sanctions punished Russia’s invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea could threaten future energy supplies. Companies mentioned in this release include: TotalEnergies, MCF Energy, Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Enbridge Inc. (NYSE:ENB), Golar LNG Limited (NASDAQ:GLNG), Transocean Ltd (NYSE:RIG).
While climate change remains at the top of the agenda, the immediate name of the game is “energy security,” and that has opened up enormous opportunities for investors on both sides of the divide.
At the height of the Russia–Ukraine conflict, European countries were even forced to return to coal burning. While that has since declined, with climate change returning to the top of the agenda, natural gas has regained status as the only viable bridge to a green energy transition.
In early February, Germany earmarked $16 billion for the construction of four natural gas power plants to complement a renewable energy expansion push. And Austria has recently made its largest natural gas discovery in four decades—enough to increase its domestic production by 50%.
In the meantime, Germany—the EU’s largest economy—has been creating a new dependency on American LNG. In fact, according to McKinsey, “Europe has come to shape global gas markets, with European hub prices setting global LNG spot prices.”
That false sense of security is also being threatened by the Biden administration’s recent pause on new LNG projects. But one thing is clear: Natural gas is back in fashion in Europe, and domestic sources in combination with renewable energy are the only true answer to energy security.
Below are two companies well-positioned to take advantage of the new energy security atmosphere in Europe:
#1 TotalEnergies (TOT)
French TotalEnergies (TOT) is shaping up to be a big winner on the Europe-LNG playing field. TOT partnered with QatarEnergy in Qatar’s giant North Field East and North Field South projects in a joint venture. Last Fall, the JV secured two long-term deals—27 years–to deliver LNG to France, beginning in 2026. TOT has a 6.25% share in the North Field East LNG expansion project and a 9.375% share in the North Field South project.
Deals of this magnitude are usually reserved for Asian buyers, so a 27-year deal for Europe is a milestone for TOT in Europe, where the company can now brandish its status as a major contributor to France’s energy security.
Earlier this month, TOT reported its highest profit in history for 2023, underpinned by LNG performance and its electricity divisions, which helped push net profit to $21.4 billion, or 4% higher than in 2022.
The French giant is pursuing a more unique strategy in terms of reaching net-zero emissions by 2050. Instead of simply divesting fossil fuels assets (though it is offloading its Canadian oil sands), it’s “expanding ownership of renewable power and low-carbon assets” and “expects to more than double its gross renewable generation capacity by 2025”. It’s covering demand from all angles, Aristotle Capital Global Equity Strategy noted in a recent investment letter.
Going forward, the upstream growth focus is to be driven by TOT’s bet oil and gas to boost profits, in addition to exploration success, new oil projects and an expansion of its LNG portfolio. Suriname offshore exploration could see $9 billion invested, and observers are closing watching its new Venus oil discovery offshore Namibia.
#2 MCF Energy (MCF.V; MCFNF.QX)
Small-cap MCF Energy, backed by veteran explorer and producer, Ford Nicholson, is convinced that this is the right atmosphere in which to foster European energy security through domestic natural gas production.
Germany and Austria are key venues for this, and MCF is tapping into five key prospects several of which have had wells that have produced or are capable of producing gas from, three previous discoveries.
MCF Energy is the first new public company consolidating major exploration projects in Europe, and it’s the first since Russia invaded Ukraine to offer investors an opportunity to help build domestic natural gas resources in Germany and Austria.
The company is targeting large-scale natural gas exploration and production here, with two drills in the next several months, the first of which has already begun in Austria, in the Welchau prospect near the Austrian Alps.
Strategically located 18 kilometers from a pipeline, Welchau is adjacent to an up-dip from a discovery that intersected at least a 400-meter gas column previously. According to MCF, all elements are in place here for a significant discovery.
Thanks to its 100% acquisition of German Genexco last year, MCF Energy is now ready to drill down for some much-needed domestic energy resources for Germany.
MCF’s second drill, planned for March, is in Bavaria, which is home to the company’s Lech and East Lech concessions, which cover 10 sq km and 100 sq km, respectively. Lech has three previously drilled wells and two discoveries. Adjacent to this, Lech East, in southwest Bavaria, is a large-scale concession covering ~100 square kilometers, with significant 3D seismic and AI showing more potential ahead of MCF Energy’s planned 4.6-million-euro exploration program.
At Lech, MCF will re-enter Mobil’s former Kinsau #1 well, adapting new drilling technology and eventually horizontal wells to stimulate the already known hydrocarbons. Mobil established production rates of over 24 MMCF per day of natural gas with associated condensate from the Kinsau #1 in the ’80s.
About a week into a 40-day drill in Austria and only several months away from its first drill into Germany’s proven resources, MCF Energy (MCF.V; MCFNF.QX) is convinced it’s on track for a hit that could give Germany a partial domestic solution to its ongoing energy security problems.
Bonus: 10 More Companies Looking To Capitalize on the Energy Bull Market
Halliburton Company (NYSE:HAL), one of the largest oilfield service companies globally, offers a comprehensive range of services and products to the upstream oil and gas industry. Halliburton’s presence in Europe, through its operations and technological solutions, supports the region’s oil and gas exploration and production activities.
The company’s focus on developing sustainable technology solutions, such as hydraulic fracturing and shale gas production technologies, aligns with Europe’s increasing emphasis on environmental responsibility and energy security.
Schlumberger Limited (NYSE:SLB), the world’s leading provider of technology and services to the oil and gas industry, plays a pivotal role in Europe’s energy sector through its extensive portfolio of innovative oil and gas technologies for reservoir characterization, drilling, production, and processing.
With a strong emphasis on research and development, Schlumberger is at the forefront of the energy transition, offering solutions that enhance the sustainability and productivity of the European oil and gas industry.
Enbridge Inc. (NYSE:ENB) stands as a titan in the North American energy sector, notably extending its operations into Europe through investments in offshore wind energy projects and energy transportation infrastructure. Enbridge’s commitment to innovation and sustainability is reflected in its significant foray into renewable energy.
The company’s strategic diversification into renewables, alongside its traditional oil and gas operations, demonstrates a balanced approach to energy production, emphasizing efficiency, safety, and environmental stewardship.
Golar LNG Limited (NASDAQ:GLNG) is a trailblazer in the liquefied natural gas (LNG) industry, with a diversified business model encompassing LNG shipping, floating LNG liquefaction, and floating storage regasification units. Golar’s innovative approach to LNG solutions, particularly its pioneering floating LNG technology, positions it strategically within Europe’s evolving energy landscape.
The company’s commitment to unlocking new markets for natural gas worldwide aligns with Europe’s energy transition goals, offering investors a unique vantage point into the dynamic LNG sector that bridges traditional energy supply with future energy demand.
Transocean Ltd (NYSE:RIG) is a global leader in offshore drilling, offering services crucial for the exploration and extraction of oil and natural gas beneath the ocean’s surface. With a fleet specialized in deepwater and harsh environment drilling, Transocean’s technological prowess and operational expertise enable access to some of the most challenging and resource-rich areas worldwide.
Transocean is enhancing its technological capabilities to address the emerging needs of the offshore drilling industry, with investments in next-generation drillships that offer higher efficiency and lower environmental impact.
By. Josh Owens
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Forward-Looking Statements
This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that large oil and gas companies will continue to focus on offshore natural gas resources; that domestic onshore natural gas assets in Europe will provide a more affordable energy source than offshore resources; that demand for natural gas will continue to increase in Europe and Germany; that Russia will not supply the majority of natural gas in Germany and Europe; that natural gas will continue to be utilized as a main energy source in Germany and other European countries and demand for natural gas, and in particular domestic natural gas, will continue and increase in the future; that MCF Energy Ltd. (the “Company”) can replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company will be successfully tested and developed; that the Company can develop and supply a safe, domestic source of energy to European countries; that natural gas will be reclassified as sustainable energy which will support the development of the Company’s assets; that imports of liquified natural gas will not be sustainable for Europe and that European countries will need to rely on domestic sources of natural gas; that the Company expects to obtain significant attention due to its upcoming drilling plans combined with Europe desperate for domestic natural gas supply; that the upcoming drilling on the Company’s projects will be successful; that the Company’s projects will contain commercial amounts of natural gas; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that large oil and gas companies will start focusing on the development of domestic natural gas resources; that the natural gas resources of competitors will be more successful or obtain a greater share of market supply; that offshore liquified natural gas assets will be favored over domestic resources for various reasons; that alternative technologies will replace natural gas as a mainstream energy source in Europe and elsewhere; that demand for natural gas will not continue to increase as expected for various reasons, including climate change and emerging technologies; that political changes will result in Russia or other countries providing natural gas supplies in future; that the Company may fail to replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company may fail to be successfully tested and developed; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to develop and supply a safe, domestic source of energy to European countries; that natural gas may not be reclassified as sustainable energy or may be replaced by other energy sources; that the upcoming drilling on the Company’s projects may be unsuccessful or may be less positive than expected; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to finance its ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by MCF Energy Ltd. for this article but may in the future be compensated to conduct investor awareness advertising and marketing for MCF Energy Ltd. While the opinions expressed in this article are based on information believed to be accurate and reliable, such information in our communications and on our website has not been independently verified and is not guaranteed to be correct. The content of this article is based solely on our opinions which are based on very limited analysis and we are not professional analysts or advisors.
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Cold Chain RFID Market to Hit $4636.6 Million by 2030: Explore Trends, Segmentation, and Growth Factors | Valuates Reports
BANGALORE, India, Jan. 8, 2025 /PRNewswire/ — Cold Chain RFID Market is Segmented by Product (Sensors, RFID Tag, RFID Reader), by Technology (Passive RFID, Active RFID), by Application (Food and Beverages, Pharmaceutical & Biomedical).
The Cold Chain RFID Market was estimated to be worth USD 1544.1 Million in 2023 and is forecast to a readjusted size of USD 4636.6 Million by 2030 with a CAGR of 16.5% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Cold Chain RFID Market:
The Cold Chain RFID Market is poised for substantial growth, driven by the increasing need for efficient and reliable tracking solutions in the transportation and storage of temperature-sensitive products. RFID technology offers comprehensive monitoring and real-time data collection, ensuring that products such as pharmaceuticals, food, and biologics are maintained within optimal conditions throughout the supply chain.
The ability to provide detailed visibility into the movement and status of goods enhances operational efficiency, reduces losses, and ensures compliance with regulatory standards. Additionally, advancements in RFID technology, including improved sensor integration and data analytics capabilities, further enhance the effectiveness of cold chain management systems.
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TRENDS INFLUENCING THE GROWTH OF THE COLD CHAIN RFID MARKET:
RFID tags are instrumental in driving the growth of the Cold Chain RFID Market by enabling precise tracking and monitoring of temperature-sensitive products throughout the supply chain. These tags provide real-time data on the location and condition of goods, ensuring that products such as pharmaceuticals, food, and perishable items are maintained within optimal temperature ranges during storage and transportation. The ability of RFID tags to offer detailed insights into environmental conditions helps businesses prevent spoilage, reduce waste, and ensure compliance with regulatory standards. As the demand for efficient and reliable cold chain management solutions increases, RFID tags become essential tools for enhancing visibility, improving inventory accuracy, and ensuring the integrity of temperature-sensitive products. This critical functionality propels the adoption of RFID technology in the cold chain sector, thereby driving market growth.
Sensors are a pivotal component driving the growth of the Cold Chain RFID Market by providing essential data on environmental conditions such as temperature, humidity, and vibration. These sensors, integrated with RFID tags, continuously monitor the state of goods throughout the supply chain, ensuring that they remain within specified parameters. The real-time data collected by sensors allows for immediate detection of any deviations, enabling swift corrective actions to prevent product degradation. Advanced sensor technologies enhance the accuracy and reliability of monitoring systems, making them indispensable for maintaining the quality and safety of sensitive products. The increasing emphasis on data-driven decision-making and the need for comprehensive monitoring solutions in the cold chain industry further boost the adoption of sensors, thereby fueling the growth of the Cold Chain RFID Market.
Passive RFID systems drive the growth of the Cold Chain RFID Market by offering a cost-effective and energy-efficient solution for tracking and monitoring products. Unlike active RFID systems, passive RFID tags do not require an internal power source, making them simpler and more affordable to deploy across extensive supply chains. These tags rely on energy from RFID readers to transmit data, enabling widespread adoption without significant infrastructure investments. Passive RFID is ideal for applications where long-term monitoring and low-cost solutions are essential, such as in the transportation of pharmaceuticals and perishable foods. The scalability and durability of passive RFID systems make them suitable for diverse cold chain environments, from warehouses to refrigerated trucks. As businesses seek efficient and economical tracking solutions, the demand for passive RFID systems continues to rise, driving the expansion of the Cold Chain RFID Market.
The increasing demand for traceability in the supply chain is a major factor driving the Cold Chain RFID Market. Traceability ensures that products can be tracked from their origin to their final destination, providing transparency and accountability throughout the supply chain. In the cold chain sector, traceability is crucial for maintaining the quality and safety of temperature-sensitive products such as food, pharmaceuticals, and biologics. RFID technology enables detailed tracking and monitoring, allowing businesses to verify the integrity of their products and comply with regulatory requirements. Enhanced traceability helps in identifying and addressing issues promptly, reducing the risk of product recalls and ensuring consumer safety. The growing emphasis on traceability and the need for reliable tracking solutions significantly boost the adoption of RFID technology in the cold chain industry, driving market growth.
The rapid expansion of e-commerce is a key driver of the Cold Chain RFID Market, as the surge in online retail necessitates efficient and reliable logistics solutions for delivering temperature-sensitive products. The rise of e-commerce platforms has increased the volume of shipments that require strict temperature control, such as fresh food, beverages, and pharmaceuticals. RFID technology facilitates seamless tracking and monitoring of these shipments, ensuring that products are handled appropriately throughout the delivery process. The need for timely and accurate data on product conditions helps e-commerce businesses maintain high standards of quality and customer satisfaction. As e-commerce continues to grow globally, the demand for advanced cold chain management solutions, including RFID systems, escalates, thereby propelling the Cold Chain RFID Market.
Governments are increasingly enforcing standards that necessitate the adoption of advanced technologies like RFID to enhance supply chain transparency and accountability. Compliance with these regulations not only ensures the safety and quality of products but also fosters consumer trust, encouraging businesses to invest in RFID solutions for their cold chain operations. The regulatory push towards enhanced supply chain management significantly boosts the adoption of RFID technology, driving the growth of the Cold Chain RFID Market.
RFID technology provides precise tracking and monitoring, enabling companies to identify inefficiencies and implement corrective measures that lower operational costs. By reducing the incidence of temperature excursions and ensuring that products are maintained within optimal conditions, RFID systems help minimize spoilage and waste, leading to substantial cost savings. Additionally, the automation of inventory management and the reduction of manual labor through RFID technology enhance overall efficiency, further contributing to cost reductions. The ability to achieve higher accuracy and reliability in cold chain operations at a lower cost makes RFID an attractive investment for businesses, driving the adoption and growth of the Cold Chain RFID Market.
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COLD CHAIN RFID MARKET SHARE:
North America leads the market, driven by its advanced logistics infrastructure, high adoption rates of RFID technology in sectors like pharmaceuticals and food, and stringent regulatory standards for cold chain management.
Europe follows closely, with substantial investments in supply chain technologies, strong emphasis on sustainability, and increasing demand for temperature-sensitive products.
Key Companies:
- Alien Technology
- Checkpoint Systems Inc
- Impinj
- Invengo Technology BV
- GAO RFID Inc.
- Avery Dennison Corporation
- Sato Holdings Corporation
- Maka RFID
- Nedap
- Nedap N.V.
- RFID4U (eSmart Source, Inc.)
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– RFID Cold Chain Management Market
– Cold Chain Monitoring Devices Market
– Radio-Frequency Identification (RFID) in Pharmaceuticals Market
– RFID-enabled Scanners Market was estimated to be worth USD 351 Million in 2023 and is forecast to a readjusted size of USD 456.7 Million by 2030 with a CAGR of 3.9% during the forecast period 2024-2030.
– The global Cold-Chain Temperature Loggers market was valued at USD 1120 Million in 2023 and is anticipated to reach USD 2013.3 Million by 2030, witnessing a CAGR of 9.0% during the forecast period 2024-2030.
– Passive RFID Tags for Asset Tracking Market was estimated to be worth USD 103 Million in 2023 and is forecast to a readjusted size of USD 132.3 Million by 2030 with a CAGR of 3.6% during the forecast period 2024-2030.
– RFID Electronic Control Card Market
– Cold Chain Monitoring System Market was estimated to be worth USD 4977.6 Million in 2023 and is forecast to a readjusted size of USD 7248.2 Million by 2030 with a CAGR of 5.4% during the forecast period 2024-2030.
– UHF RFID Chip Market was estimated to be worth USD 683 Million in 2023 and is forecast to a readjusted size of USD 1103.2 Million by 2030 with a CAGR of 7.1% during the forecast period 2024-2030.
– Smart RFID Ear Tag Market was estimated to be worth USD 198 Million in 2023 and is forecast to a readjusted size of USD 263.7 Million by 2030 with a CAGR of 4.2% during the forecast period 2024-2030.
– RFID Inventory Retail Management Market was estimated to be worth USD 7475 Million in 2023 and is forecast to a readjusted size of USD 13150 Million by 2030 with a CAGR of 8.5% during the forecast period 2024-2030.
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Cost-Effective Solutions: How Online Bookkeeping is Revolutionizing Florida’s Small Businesses
MIAMI, Jan. 8, 2025 /PRNewswire/ — The U.S. accounting services industry, including bookkeeping, is experiencing significant growth, projected to reach over $1 trillion by 2026. This surge reflects the rising demand for innovative financial management solutions, with online bookkeeping emerging as a leading choice for small businesses in Florida.
Online bookkeeping services are meeting this demand by offering cost-effective, efficient, and secure alternatives to traditional financial management. With cloud-based software, businesses can automate processes and access financial data anytime, anywhere, enabling faster, more informed decision-making that boosts both efficiency and productivity.
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“One of the key challenges for small businesses has always been managing finances without overstretching their resources,” says Ajay Mehta, CEO of IBN Technologies. Online bookkeeping solutions provide an efficient, accurate, and cost-effective way to simplify financial management for businesses.
A standout benefit of online bookkeeping is its affordability. Small businesses can significantly reduce costs by eliminating the need for in-house staff and expensive software. Instead, they only pay for the services they need, freeing up resources for critical investments like marketing and growth.
Beyond cost savings, online bookkeeping services enhances accuracy and security. Advanced encryption technology and automated workflows minimize human error and protect sensitive financial data. Small business owners can rest assured knowing their financial records are accurate and secure, enabling them to focus on scaling their operations.
“Financial technology is no longer just about convenience—it’s about empowering businesses to make smarter, data-driven decisions,” added Ajay Mehta, CEO of IBN Technologies. “By adopting online bookkeeping, Florida’s small businesses can position themselves for long-term success in an increasingly competitive market.”
As Florida’s small businesses navigate a competitive landscape, embracing online bookkeeping is no longer just an option—it’s a necessity. Solution providers like IBN Technologies are at the forefront of this transformation, offering tailored, reliable, and cost-effective online bookkeeping services that empower small businesses to simplify financial management and achieve sustainable growth. By partnering with IBN Technologies, businesses gain access to innovative tools and expertise that help them stay ahead in today’s dynamic market.
Therefore, online bookkeeping is changing the game for Florida’s small businesses, delivering cost-effective and secure financial management solutions. By adopting these innovative tools and partnering with trusted providers like IBN Technologies, businesses are empowered to operate more efficiently, allocate resources strategically, and focus on what matters most—driving growth and success.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
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Fintech PR
Davidson Kempner and Afendis complete acquisition of YSCO, advancing Glacier’s ambitions in European ice cream market
LONDON, Jan. 8, 2025 /PRNewswire/ — Davidson Kempner Capital Management LP (“Davidson Kempner“), a global investment management firm, supported by operating partner Afendis Capital Management (“Afendis”), has completed the acquisition (the “Transaction”) of ice cream producer YSCO through its ice cream investments platform, Glacier. Financial terms of the transaction were not disclosed.
The acquisition is transformational for Glacier’s ambitions to grow in the global ice cream industry, with YSCO joining Gelato d’Italia which was acquired in 2022. Gelato d’Italia is a leading independent ice cream producer with two sites in Italy and a key innovation and manufacturing partner for ice cream brand owners and retailers worldwide.
Bringing Gelato d’Italia together with YSCO will create one of the largest third-party ice cream manufacturers globally with revenues in excess of €600 million. Aligned in their commitments to innovation, efficiency and customer satisfaction, the companies are highly complementary in operations and ethos.
YSCO works closely with almost all the mainstream European retailers for the co-creation and production of their home-brand ice cream products. YSCO has production capabilities in Belgium and France and distributes up to 200 million liters of ice cream per year, predominately within the European market.
Glacier aims to leverage its scale to become a key partner to ice cream brand owners worldwide, aided by its commitment to delivering the fastest ideation-to-launch for new products.
Working with these international brand owners, Glacier is targeting international expansion and becoming the third-party ice cream manufacturer of choice.
Bert Van Nieuwenborgh, CEO of YSCO, said:
“This acquisition represents an exciting opportunity for YSCO to accelerate our growth as part of Glacier’s ambitious vision. As Europe’s second-largest private label ice cream producer, our expertise in large batch production and strong retailer relationships perfectly complement Glacier’s innovative approach. Together, we are well-positioned to lead the way in a rapidly growing and evolving market, delivering exceptional value to our partners and customers.”
Cem Karakaş, Chairperson of Glacier and Partner at Afendis, said:
“Glacier is perfectly positioned to capitalize on strong growth in the fragmented European third-party ice cream sector. By building on the success of Gelato d’Italia and leveraging YSCO’s scale and expertise in long-run production of large batch products, Glacier is well-placed to be a leading player in Europe. This acquisition will be the launchpad for further expansion across the globe.”
About Davidson Kempner Capital Management LP
Davidson Kempner Capital Management LP is a global investment management firm with over 40 years of experience and a focus on fundamental investing with a multi-strategy approach. Davidson Kempner has approximately $37 billion in assets under management and over 500 employees across seven offices: New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai. Additional information is available at: www.davidsonkempner.com.
About Afendis Capital Management
Afendis Capital Management is a specialist investor and investment manager of food and pharmaceutical businesses.
About Glacier
Glacier is a global ice cream investments platform backed by Davidson Kempner Capital Management and Afendis Capital Management. It unites leading producers like YSCO and Gelato d’Italia, creating one of the world’s largest third-party manufacturers with revenues over €600 million. Glacier specializes in innovation, efficiency, and rapid ideation-to-launch, partnering with brand owners and retailers worldwide to drive growth and set new industry standards.
Contact details:
Davidson Kempner Capital Management LP
[email protected]
Afendis Capital Management
Matthew Frost
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/davidson-kempner-and-afendis-complete-acquisition-of-ysco-advancing-glaciers-ambitions-in-european-ice-cream-market-302345953.html
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