Emergent Cold Latin America the fastest-growing refrigerated storage and logistics service provider in Latin America, announced that it has signed a definitive agreement to acquire the cold storage operations of Frigorifico Modelo (Frimosa), a leading agro-industrial and logistics company based in Montevideo, Uruguay.
Uruguay is recognized as an important logistics and financial hub in South America. The country has a modern infrastructure system with significant connectivity and is considered as the gateway to Mercosur through its main ports. Paraguay also plays an important role in the world food trade and has shown important signs of economic growth in the last few years.
The acquisition of Frimosa’s cold storage operations will expand Emergent Cold LatAm’s existing capabilities in Uruguay. In May 2022, the Company completed the acquisition of Montevideo-based Polo Logístico de Frio. This investment included plans to expand PLF’s facility to double its current size, creating operational improvements and enhanced service offerings.
Emergent Cold Latin America is building the highest-quality cold chain network to provide end-to-end temperature-controlled logistics solutions to its 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 24 cold storage facilities, more than 500 trucks, and four facilities now under construction to complete a total of 11 countries across Latin America.