According to Finans, Axcel is preparing to sell their slaughterhouse equipment company Frontmatec Group. Frontmatec is a combination of four companies: SFK Leblanc A/S, Attec Danmark A/S, Carometec A/S and ITEC. Frontmatec reported a turnover of DKK 1.3bn and EBITDA of DKK 146.8m in 2017, corresponding to an EV/EBITDA multiple of 13.6x based on Finans’ valuation of Frontmatec at DKK 2bn.
