News

Axcel teams up with family behind world-leading producer of accessories for pick-up trucks

1. November 2017 | Leave a comment

Axcel is partnering with the owners of Danish company Mountain Top Industries, one of the world’s leading producers of pick-up accessories. The company has grown rapidly in recent years and has brought Axcel on board to support its continued expansion and entry into new markets. Mountain Top is currently owned by Marie-Louise and Lars Bjerg, who will remain both shareholders and board members.
Mountain Top Industries has been producing accessories for pick-up trucks since 1978 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.

Almost 170 employees work in design, development and production at Mountain Top’s facilities in Frederikssund, Denmark. The company’s main market is currently Europe, where it is the market leader, but there is also potential for global expansion:

“After several years of rapid growth, the next step in our journey is to expand both sales and production in a number of new markets, which we believe can best be achieved in partnership with Axcel,” says CEO Marie-Louise Bjerg. “We moved into Australia in 2014, but we also see considerable potential in markets such as the US, which is more than 20 times the size of the European market. We look forward to taking Mountain Top to the next level together with Axcel with all its experience of international expansion.”

Mountain Top’s move into the global market has led to a doubling of sales outside Europe in the past four years to 20% of total turnover.

“We’ve come a long way under family ownership since the business was founded in 1951, so it was a big decision to sell,” says Lars Bjerg. “But after lengthy deliberation and dialogue, we feel sure that Axcel can help take Mountain Top Industries forward.”

The pick-up truck market in Europe, Asia-Pacific and North America has a long track record of stable growth, so Axcel sees good opportunities for continued expansion:

“Through a focus on product development, quality and service, Marie-Louise and Lars Bjerg have built a business where customers are keen and the engine room is finely tuned,” says Christoffer Müller, the officer responsible for the investment at Axcel. “We consider it an enormous strength that, together with Marie-Louise and Lars, we can concentrate almost exclusively on generating growth in both established and new markets, including the US where 3 million pick-up trucks are sold every year.”
Mountain Top is the second investment for Axcel’s fifth fund, Axcel V. The transaction is subject to approval from the competition authorities.

Announcement

2. March 2015 | Comments Off

We are very happy to announce that Mr Chris Radcliffe has joined our team as Vice President Business Development. Chris has formerly been working for Toyota Motor Europe – the last four years being responsible for accessories fitted to the Toyota Hilux pick-up.

We welcome Chris to Mountain Top !

Mountain Top wins DI Copenhagen Region Award 2014

30. October 2014 | Comments Off

PRESS RELEASE FROM DI HOVEDSTADEN:

Initiativpris til Frederikssund-virksomhed med hele verden som kunde

Først producerede de lamper til Tivoli, så var det skibsvinduer til lystbåde, og nu er det låg og ladindsatser til pick-up biler, der sælger over det meste af verden. De seneste år er det kun gået en vej for Mountain Top Industries ApS – fremad. Og den 30. oktober bliver virksomheden hædret med DI Hovedstadens Initiativpris 2014.

Mountain Top Industries ApS producerer låg og indsatser til pick-up biler, der sikrer, at f.eks. håndværkermaskiner, værktøj eller golfudstyr kan opbevares sikkert samtidig med, at lasten beskyttes mod vind og vejr. Udstyret fra Mountain Top Industries ApS taler altså både til bilister, der foretrækker de praktiske funktioner, og til dem, der vil have et udstyr og en bil, der ser flot ud.

Derfor er Mountain Top Industries ApS leverandør til alle de store bilfirmaer, der producerer pick-up biler: Ford, Toyota, Nissan, Volkswagen m.fl. Hele produktionen eksporteres. Derfor er det meget sandsynligt, at en pick-up bil i vinmarkerne i Frankrig, savannen i Sydafrika, ørkenen i Australien eller junglen i Thailand kører rundt med et låg produceret i Frederikssund.

- Mountain Top Industries ApS er en typisk dansk virksomhed, der har formået at finde og opdyrke sin helt egen niche, hvor de med stor opfindsomhed, solid håndværkstradition og godt købmandskab fremstiller produkter, der på grund af deres funktionalitet, kvalitet og design kan sælges til de største bilproducenter over hele verden, siger formand for DI Hovedstaden Søren Larsen.

I de seneste år har virksomheden haft en solid vækst med stadig flere ansatte og flotte tal på bundlinjen.

De fine resultater er kommet efter et dyk i forbindelse med finanskrisen i 2008, hvor Mountain Top Industries ApS oplevede krisen på tæt hold. Med ét slag mistede virksomheden 60 pct. af sin omsætning og gik fra 55 til 19 ansatte.

Det fik virksomheden til at sadle om og arbejde med LEAN og effektiviseringer. Den tid det tager at producere et låg er de seneste år blevet reduceret til en tredjedel. Det har givet virksomheden en besparelse på mere end 100.000 kr. om ugen samtidig med, at produktionen er blevet firedoblet og produktionsarealet reduceret til det halve.

Fremtiden ser derfor igen lys ud for den nu godt 60 mand store virksomhed. Den spænder over 14 forskellige nationaliteter, som alle bor i lokalområdet og nabokommunerne.

- Man må tage hatten af for virksomheder som Mountain Top Industries ApS, der viser, at det stadig kan lade sig gøre at have og endda udvide produktionen i Danmark. Det er en virksomhed, der eksporterer al sin produktion og på den måde tjener penge hjem til det danske samfund og holder gang i hjulene og beskæftigelsen i lokalområdet. Derfor er det afgørende, at vi giver den type virksomheder og deres ejere gode vækst- og udviklingsmuligheder i Danmark, siger formand for DI Hovedstaden Søren Larsen.

Sammen med Frederikssunds borgmester, John Schmidt Andersen, overrækker Søren Larsen DI Hovedstadens Initiativpris 2014 til Mountain Top Industries ApS torsdag den 30. oktober kl. 15.00 på virksomheden, Pedersholmparken 10, 3600 Frederikssund.
Med DI Hovedstadens Initiativpris 2014 er Mountain Top Industries ApS en af i alt 19 kandidater til DI’s nationale initiativpris, der uddeles på DI’s årlige konference for mindre og mellemstore virksomheder, der finder sted den 21. januar næste år.

Appointment

17. June 2014 | Comments Off

Anne Marcussen, M.Sc. Engineer – Product Development, has been appointed Project Manager as per April 1st 2014. Congratulations.