Mercofricon S/A, owner of the Fricon brand, came to Brazil in 1995. The company is originally part of Frigocon SA from Portugal, a country member of the European Union, which has been on the food and beverage refrigeration market since 1976.

Today, the Group of companies led by Frigocon SA own two plants, one in Portugal, with 175 employees, and another one in Brazil, with more than 600 employees. It operates in around 50 countries through the distribution of these factories.