Emergent Cold Latin America (Emergent Cold LatAm), the fastest-growing refrigerated storage and logistics service provider in Latin America, announced today the acquisition of Bodegas Frias, the largest third-party cold storage operator in Guatemala. This acquisition marks Emergent Cold LatAm’s entry into Guatemala – the largest economy in Central America with an important role in global food trade. It also represents the first of several planned investments by Emergent Cold LatAm in this important strategic market. Founded in 2006, Bodegas Frias is the clear market leader in Guatemala. Bodegas operates three facilities in Palín, Villa Nueva and Xela (Quetzaltenango), with a total capacity of almost 20,000 pallet positions and additional land for expansion. The facilities are strategically located in the main metropolitan cities in Guatemala. Bodegas Frias offers comprehensive storage and logistics solutions including handling and transport.
This announcement is the latest in a string of acquisitions by Emergent Cold LatAm across the region. Last month, the company announced its first investment in Colombia with the acquisition of Frigometro Metropolitano, and quickly followed this up with the acquisition of Polo Logístico de Frio in Uruguay. With the addition of Bodegas Frias, Emergent Cold LatAm now operates in a total of nine countries, inclusive of new builds under way in Dominican Republic, Ecuador and Perú. Emergent Cold Latin America (www.emergentcold.com) is building a world-class, end-to-end refrigerated storage chain to provide logistic integrated solutions for refrigerated food for clients throughout Latin America. The Company was founded to meet the modern solutions needs in refrigerated chain and the growing demand of clients in domestic and foreign trade.