Due North
Investment Date:
August 2021
Exit Date:
Current
Headquarters:
Greater Toronto Area
Footprint:
7 facilities
Sector:
Commercial Refrigeration
End Markets:
Pet Food, Beverage, Micro Markets, Grocery
Revenue:
>$150M
Seeking Add-Ons:
Yes (2 completed since inception)
Due North is a market leader in the refrigerated display market, with product offerings across the pet food, beverage, micro markets, and food sectors. The company leverages Internet of Things technology and its green cooling deck design to deliver a better total cost of ownership and superior product presentation for its customers.
Ronin acquired QBD and Minus Forty simultaneously to create the #2 player in the North American refrigerated display market. The merged group will continue to make acquisitions in the U.S., Europe and Latin America
Investments Completed
Minus Forty
For over 30 years, the Minus Forty brand has been synonymous with reliability and superior performance, manufacturing high-quality commercial refrigerated merchandising solutions that surpass industry standards. Minus Forty prides itself on its reputation for manufacturing reliable, stable products that give customers peace of mind and a lower total cost of ownership.
QBD
For over 40 years, QBD has designed, built, and manufactured refrigerated merchandising solutions for the food service and beverage industries. QBD’s advantage is in product world class solutions and cutting edge refrigeration that exceed the latest energy efficiency standards for North America. QBD’s commitment is to continually deliver high performance, sustainable, and environmentally conscious solutions.
MTL Cool
For over 25 years, MTL Cool has specialized in the design and manufacturing of refrigerated displays for the grocery and food markets. With a global presence of over 15,000 stores and 50,000 units, MTL Cool has a reputation of designing products to enhance customer in-store sales and brand recognition.