10 November 2011

Frese A/S was appointed Owner Manager of the Year in Region Zealand, Denmark

There was glory to Frese A/S and not least to the director Claus Frese when on Wednesday 2 November he was named Owner Manager of the Year in Region Zealand.

It was a jury composed of representatives from PwC, Owner Managers and Berlingske Business, which gave Claus Frese the prestigious title.

Among other things the jury grounds their decision on Frese A/S being a good example of an owner-managed company that has completed a successful generational handover. Claus Frese (49) is the third generation of the company, founded by his grandfather in 1944.

Furthermore the jury emphasized that concurrently with the growth Frese has acquired a professional board, that the company's products relieve pressure energy problems by making buildings more energy-friendly and that the company's products create a platform for future global growth as the company is present in many countries and plans to enter new growth markets.

Finally, the jury pointed out that Frese has entered into partnerships with global companies which has formed the basis for the company's growth ambitions.

- We are very proud of the appointment. It is a significant recognition for all our employees who have contributed to develop Frese A/S to the company we are today. We are characterized by going against the flow and focusing globally. In the coming years it is our ambition to grow 20-25 percent annually. We will focus heavily on product development and annually take out a patent on at least one new product, says Claus Frese.

Frese A/S is the world-leading manufacturer of automatic balancing valves for the HVAC market. With its valve technology Frese will ensure hydraulic balancing in water-based cooling and heating units, thus ensuring optimal operation and comfort systems in the HVAC market worldwide.

To qualify for the owner manager of the year the company must be a joint-stock company or a limited liability company and have at least 10 employees, a positive equity and profits in recent accounting years. In addition, the company must have exhibited growth in recent accounting years. It must neither be listed nor foreign owned.

In total, 65 companies were considered in 2011, of which 18 were nominated, three in each of six regional appointments. Owner manager of the year throughout Denmark 2011 was appointed on 8 November.