Emergent Cold Consolidates Its Position as the Largest Cold Storage Company in Latin America

For the second year running, the company is prominent in the main association’s ranking, occupying 1st place in Latin America and 6th globally

SÃO PAULO--(BUSINESS WIRE)--Emergent Cold Latin America (Emergent Cold LatAm) has been named the largest temperature-controlled food storage and logistics company in Latin America and the Caribbean for the second year running, and is ranked 6th globally. The accolade was awarded by the sector's leading association, the Global Cold Chain Alliance (GCCA), which took into account the total capacity of the temperature-controlled space operated by its members up to December 31, 2023.

The position at the top of the Latin American ranking was maintained as a result of the company's ongoing expansion plan, which operates more than 70 warehouses in 11 countries. Storage capacity is over 4 million cubic meters and 560,000 pallet positions. In 2023, seven acquisitions were completed and two new warehouses were opened, marking the start of operations in Ecuador and the Dominican Republic.

Emergent Cold LatAm recently inaugurated a modern warehouse in Panama and is close to completing two important projects in Chile, in the Talcahuano region, and in Peru, in Callao. In addition, another seven construction and expansion projects are underway in Brazil, Chile, Colombia, Mexico and Uruguay.

"We strive to offer our customers a network that is constantly becoming more and more complete, and therefore, we see our position at the top of the GCCA ranking as a reminder that we need to do more and better to honor the trust that each customer and partner puts in us and in the quality of our services," said Neal Rider, CEO and Co-founder of Emergent Cold LatAm.

"We are now beginning to offer sufficient scale to our customers to enable them to rely on us for future growth. In several cases, now providing them services in multiple markets. There is clearly much yet to do to support such a dynamic region, both its domestic markets as well as its impressive exports. But this is great recognition and a continuing strong signal to our customers," explained David Palfenier, President and Co-founder of Emergent Cold LatAm.

About Emergent Cold LatAm:

Emergent Cold Latin America (www.emergentcoldlatam.com) is the largest provider of refrigerated storage and logistics in Latin America and the Caribbean. It was founded in August 2021 to meet the need for modern cold chain solutions in the market, and the growing demand from local and global customers. Its main investors include Stonepeak, D1 Capital, and Lineage.

The company continues to invest in building and expanding a cold chain network of the highest quality in order to provide end-to-end temperature-controlled logistics solutions for its customers throughout the region. Emergent Cold LatAm currently operates more than 70 cold storage facilities in 11 countries in Latin America, in addition to new warehouses under construction.