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Emergent buys in Peru

Thursday, 23 September 2021 ( #1044 ) - São Paulo, Brazil
Emergent will be investing throughout Latin America
Emergent will be investing throughout Latin America
Emergent Cold Latin America, Latin America's newest temperature-controlled warehousing and logistics provider, has made its first strategic acquisition - Peru's newest and most advanced individually quick-frozen (IQF) fruit processing facility located in Piura. Emergent - based in São Paulo, Brazil and with a corporate office in Miami, Florida - will be investing in existing leading cold storage operators and new greenfield projects throughout Latin America to expand its footprint of modern cold storage facilities and consistently bring the highest-quality service to customers across the entire region. As part of this strategy, the company plans to deploy over USD450 million of equity capital toward greenfield projects and acquisitions in Latin America over the next two to three years. The latest acquisition also includes a 7,300-pallet position warehouse which serves Northern Perú's domestic customers as well as the import/export trade at Paita Port. The company also plans to buy net-leased cold-storage real estate in key markets and to offer customers the opportunity to monetise cold storage assets within their supply chain portfolios.
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