Emergent Cold LatAm Opens Chile’s Largest Frozen Food Warehouse

Newest addition to the Company’s cold storage network has 37,000 pallets of capacity in 294,000 m³.

SÃO PAULO--(BUSINESS WIRE)--Emergent Cold Latin America (Emergent Cold LatAm), the region’s largest provider of temperature-controlled storage and logistics solutions, announced today the opening of the largest frozen food warehouse in Chile, located in Talcahuano. This facility also marks the company's most significant expansion in Latin America. Situated in a region renowned globally for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.

The facility has a storage capacity of 294,000 m³ and 37,000 pallets. This development is expected to generate 150 direct and approximately 500 indirect jobs, bolstering the local economy.

This is Emergent Cold LatAm's first completed construction project in Chile, following the acquisition of Friopacífico in 2021 and subsequent acquisitions of Multifrigo and Hook in 2023. The company now operates nine facilities across several key regions, including Valparaíso, Metropolitan, Biobío, and Los Lagos.

Joaquín Del Campo, Managing Director for the Pacific Region at Emergent Cold LatAm, highlighted the strategic importance of this investment: "We are committed to supporting the Chilean seafood and agriculture industries. The increase in mackerel quotas and the growth in Coho salmon and IQF fruit production require enhanced capacity for temperature-controlled storage, perfectly aligned with this new facility."

Neal Rider, Co-Founder and CEO of Emergent Cold LatAm, emphasized the favorable conditions in Chile for business expansion: "Chile's importance in the global food supply chain make it an important part of our regional investment strategy. This investment is part of our ongoing efforts to support the growth of the seafood and agriculture industries and other sectors requiring cold storage solutions."

The Company is already planning an expansion phase for this new warehouse, which should be completed by early 2025. Total storage capacity following this future expansion will be 389,000 m³, representing a 50% increase in total capacity in the country and double the current availability in the Concepción region.

About Emergent Cold LatAm:

Emergent Cold Latin America (www.emergentcoldlatam.com) is the largest provider of temperature-controlled logistics and storage for food 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 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.