GERMANY - Argantis backs MBO of Frostkrone

Argantis GmbH has backed a management buyout of frozen food producer Frostkrone Engel-Food Tiefkühlkost GmbH in Rietberg, and Frostkrone Tiefkühlkost Produktions- und Vertriebsgesellschaft mbH in Wildeshausen. The existing managing partners will retain a minority stake, with Argantis assuming majority ownership. The purchase price was not disclosed.