Refrio Coils & Coolers

What Refrio Coils & Coolers does

Refrio Coils & Coolers is a Brazilian manufacturer of finned-tube heat exchangers and thermal-exchange equipment, founded in 1967 and headquartered in Hortolândia, São Paulo, approximately 90 km from the city of São Paulo. The company designs and produces evaporators, condensers, dry coolers, adiabatic cooling towers, CO2 gas coolers, and general-purpose heat exchangers serving commercial refrigeration, industrial cold storage, food processing, and energy/process applications across Brazil. Its product range spans both light-commercial units and heavy-duty industrial equipment designed for multiple refrigerant regimes including HFC, CO2 transcritical, NH3, and glycol-based systems.

The company has built a portfolio of proprietary technical features that differentiate it within the Brazilian market. These include the Blue Fin corrosion-resistant coating, SDR Intelligent Defrost control, Glycol Defrost, Duplo Silencer, Conductor heat-transfer geometry, adiabatic cooling technology, and a CO2 transcritical gas cooler rated to 120 bar. Internally, Refrio developed SEQCT 2.0, a thermodynamic calculation suite used to size and specify equipment. The company maintains continuous ISO 9001:2015 certification (held since 2003), complies with ASME VIII pressure-vessel codes, and meets Brazilian NR12 machinery-safety requirements. The workforce is reported at 51-100 employees.

Refrio operates a domestic-only distribution model through five regional sales representatives covering Brazil, with supplemental demand generation through industry trade shows such as Febrava, EXPOMEAT, and TECNOCARNE. Products are sold under the Refrio brand and co-branded with Elgin, indicating a brand/trademark or OEM partnership arrangement with one of Brazil's largest HVAC and refrigeration equipment companies. The firm is privately held, has been bootstrapped since founding with no external funding disclosed, and shows no signs of expansion beyond the Brazilian domestic market.

Name

Refrio Coils & Coolers

Legal name

Refrio Coils e Coolers

Website

https://refrio.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

51–100 employees

Short description

Refrio Coils & Coolers is a Brazilian manufacturer of finned-tube heat exchangers—evaporators, condensers, dry coolers, adiabatic cooling towers, and CO2/NH3 refrigeration equipment—for commercial refrigeration, industrial cold storage, food processing, and energy/process applications across Brazil.

Ownership category

akta.pro rank

Product category

Industrial Heat Exchangers / Refrigeration Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro industry

PRIMARYIMAHAKAC

Heat Exchangers & Thermal Transfer Equipment

Industrials, Manufacturing & Construction/Industrial Machinery & Heavy Equipment/Refrigeration, HVAC & Thermal Equipment

SECONDARYIMAEAMAG

Heat Transfer Fluids

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Lubricants & Industrial Fluids

Keywords

• Industrial heat exchangers
• Refrigeration evaporators
• Cooling condensers
• Dry cooling systems
• Adiabatic cooling towers

Headquarters

HQ city

Hortolândia

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Heat Exchanger Manufacturing and Sales: Refrio designs, manufactures, and sells finned-tube heat exchangers including evaporators, condensers, dry coolers, adiabatic cooling towers, gas coolers, and heat exchangers. Products are sold as project-based capital equipment to commercial, industrial, and HVAC buyers. The company also provides optional accessories and configuration add-ons, and offers technical selection software (SEQCT) and customer satisfaction surveys to support the sales process.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Refrio Coils & Coolers designs, manufactures, and supplies industrial heat exchangers, including evaporators, condensers, dry coolers, gas coolers, and adiabatic cooling towers. The company serves the commercial refrigeration, industrial refrigeration, HVAC, energy, and process industries with quote-based engineered-to-order thermal exchange equipment.

Product overview

Refrio Coils & Coolers is a Brazilian manufacturer of heat exchangers for commercial, industrial, and HVAC applications. The product portfolio includes multiple evaporator lines (RFD, STE, RTC, RCI, IDR, SRE, NRP) with capacities ranging from 1.7 kW to 250 kW for various temperature applications; condenser lines (FCR, VCR, VCC) with 18-1597 kW capacity; dry coolers (VCRW, VCCW, ICRW) with 80-2000 kW capacity; and specialty heat exchangers. The offering is complemented by supporting technologies including SEQCT selection software, intelligent defrost systems, adiabatic cooling towers, and anti-corrosion protection solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Evaporators
• Condensers
• Dry Coolers
• Gas Coolers
• Adiabatic Cooling Towers
• Industrial Heat Exchangers

Quantifiable outcome

• 80% lower annual cost compared to electric defrost (glycol defrost system)
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

One partnership is on record.

• ElginminorOthersElgin is shown as a partner/trademark holder on the Refrio website header, indicating a commercial or branding relationship between Refrio and Elgin (a major Brazilian HVAC and refrigeration equipment manufacturer).

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Alfa Laval: Swedish global leader in heat transfer, separation, and fluid handling, with a strong brazed-plate and gasketed heat exchanger portfolio. Comparable to Refrio's heat exchanger manufacturing across refrigeration, HVAC, and industrial process end-markets.
• Frimap: Brazilian manufacturer of condensers, evaporators, and heat exchangers for commercial refrigeration. Directly competes with Refrio on finned-tube product lines and serves the same Brazilian commercial and industrial refrigeration customer base.
• Kelvion: Global manufacturer of industrial heat exchangers serving refrigeration, HVAC, power, and process industries. Directly comparable to Refrio's industrial evaporator, condenser, dry cooler, and gas cooler product lines.
• Güntner: Global German manufacturer of heat exchangers (evaporators, condensers, gas coolers, dry coolers) widely used in refrigeration and HVAC. Comparable to Refrio in core product scope and serves overlapping industrial refrigeration end-markets, including transcritical CO2 systems.
• SPX Dry Cooling: Specialist in air-cooled condensers and dry cooling systems for power generation and process industries. Comparable to Refrio's ICRW industrial dry cooler product line (100-2000 kW) and energy/process vertical focus.
• Elgin: One of Brazil's largest HVAC and commercial refrigeration equipment brands, and an existing Refrio partner. Both serve Brazilian commercial and industrial refrigeration buyers with overlapping product portfolios (condensers, evaporators, RAC systems), making Elgin the closest direct comparable for channel, scale, and end-market exposure.
• EVAPCO: Global manufacturer of heat transfer products including evaporative condensers, closed-circuit coolers, and dry coolers for industrial refrigeration, HVAC, and process cooling. Direct competitor to Refrio's ICRW industrial dry cooler and adiabatic cooling tower offerings.
• Baltimore Aircoil Company (BAC): Global manufacturer of evaporative cooling, heat transfer, and ice thermal storage equipment. Directly comparable to Refrio's adiabatic cooling towers, condensers, and dry cooler product lines for HVAC and industrial process applications.

Others

• Embraco: Brazilian-origin compressor manufacturer (now part of Nidec) serving commercial and industrial refrigeration. Adjacent ecosystem participant rather than direct competitor, as Embraco supplies compressors while Refrio supplies heat exchangers for the same refrigeration systems.

Regional players

• CIAT: French HVAC and refrigeration equipment manufacturer with operations in Brazil and Latin America. Comparable product overlap with Refrio in commercial HVAC heat exchangers and air-handling equipment, with primary competition in the Brazilian commercial segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Refrio Coils & Coolers