SÃO PAULO--(BUSINESS WIRE)--Emergent Cold Latin America (Emergent Cold LatAm or the Company), the fastest-growing refrigerated storage and logistics service provider in Latin America, announced today the acquisition of two temperature-controlled storage facilities located in the State of Rio Grande do Sul, in Southern Brazil. These assets were purchased from Reiter Log, a leading provider of logistics and transportation solutions for customers in the food supply chain.
This transaction represents an important expansion of the Company’s cold storage network into Southern Brazil. It includes a new 12,500-pallet facility in Nova Santa Rita, in the metropolitan region of Porto Alegre, the State’s capital, and a 2,500-pallet facility located in Passo Fundo. Both locations significantly enhance Emergent Cold LatAm’s domestic distribution capabilities, and they add to its roster of high-quality clients. The Nova Santa Rita site includes additional land for several future development projects.
With this purchase from Reiter Log, Emergent Cold LatAm now provides almost one million square meters of cold storage capacity in Brazil, along with blast freezing and other value-added services.
“We are pleased to complete this transaction with Reiter Log and add several quality assets to our growing South Cone network,” said Evandro Calanca, Managing Director - Brazil at Emergent Cold LatAm. “We have an ambitious plan to create the leading cold storage and logistics operation in Brazil, a key strategic market for Emergent Cold LatAm. It is exciting to see this vision become a reality through continued investment and our focus on operational excellence.”
44 Capital Finanças Corporativas acted as financial advisor and Lefosse Advogados acted as legal advisor to Emergent Cold LatAm.
About Emergent Cold LatAm:
Emergent Cold Latin America (www.emergentcoldlatam.com) is building the highest-quality cold chain network to provide end-to-end temperature-controlled logistics solutions to their customers across Latin America. The company was founded to cover the need for modern cold chain solutions in the market and to meet the increasing demand from domestic and global customers. Emergent Cold LatAm currently operates 62 cold storage facilities, more than 500 trucks, and five facilities now under construction to complete a total of 10 countries across Latin America.