Emergent Cold Latin America, a temperature-controlled warehousing and logistics provider in Latin America, has acquired Friopacífico, a cold storage business in Chile.
Friopacífico is an integral part of Chile’s fishing and fruit industry and distribution network. Friopacífico operates 47,000 pallet positions across 3 facilities in vicinity to the main ports in the Biobío region. The firm provides storage and additional services including product haulage, reefer connections, online stock monitoring and photographic reporting.
This is Emergent’s first entry into Chile and its global food export market. Going forward, as a part of Emergent, Friopacífico will begin an ambitious growth plan.
We are proud to welcome the Friopacífico team to our growing Latin American network,” said Neal Rider, CEO of Emergent LatAm. “Our company’s vision is to bring together the leading cold storage and logistics businesses across the region’s most essential global trading markets, which makes Friopacífico a perfect fit for our organization.
44 Capital Finanças Corporativas acted as financial advisor and NLD Abogados acted as legal advisor to Emergent LatAm. Debt financing for the transaction was provided by Scotiabank.