Axcel buys majority stake in Mountain Top Industries, the Danish producer of accessories for pick-up trucks.
Axcel, a Copenhagen, Denmark-based private equity firm, announced getting into a purchasing agreement with the owners of Danish company Mountain Top Industries, one of the world’s leading producers of pick-up accessories.
Mountain Top is currently owned by Marie-Louise and Lars Bjerg, who will remain both shareholders and board members.
The financial details of the transaction remain undisclosed, and the deal aims to support the continued expansion and entry into new markets of the company.
Mountain Top Industries, founded in 1978, has been producing accessories for pick-up trucks and has evolved in close association with its customers, which include leading pick-up producers such as Ford, Nissan, Renault, VW, Mercedes-Benz and Toyota. The company has about 170 employees at Mountain Top’s facilities in Frederikssund, Denmark.