Frigometro operates at four locations in key markets across the Colombia and the acquisition marks Emergent LatAm's into the country.
The Frigometro management team will remain with the company to ensure business continuity and further growth.
Established in 1992 by entrepreneur Gonzalo Diaz, Frigometro operates more than 29,000 pallet positions across four best-in-industry warehouses in strategic locations: Cartagena, Buga, Bucaramanga, and Bogotá. The company offers a full range of storage and value-added logistics services such as blast freezing and handling and operates a domestic transportation business.
Colombia is an important part of Emergent LatAm’s regional investment strategy and an important member of the global food trade, having set a new record in 2021 for total amount of food exports.
With the addition of Frigometro, Emergent LatAm now operates 13 cold storage facilities, with other three facilities now under construction, across a total of seven countries.
“We are proud to welcome the Frigometro team to our growing Latin America platform,” said Neal Rider, CEO of Emergent LatAm. “I am extremely impressed with the strength of its management team, and the high quality of the company’s asset base. We look forward to making additional investments in Colombia with the goal of accelerating the growth of Frigometro and our entire regional network.”
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