Emergent Cold Consolidates Its Position as the Largest Cold Storage Company in Latin America
April 17 2024 - 3:25PM
Business Wire
For the second year running, the company is
prominent in the main association’s ranking, occupying 1st place in
Latin America and 6th globally
Emergent Cold Latin America (Emergent Cold LatAm) has been named
the largest temperature-controlled food storage and logistics
company in Latin America and the Caribbean for the second year
running, and is ranked 6th globally. The accolade was awarded by
the sector's leading association, the Global Cold Chain Alliance
(GCCA), which took into account the total capacity of the
temperature-controlled space operated by its members up to December
31, 2023.
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Warehouse of Emergent Cold LatAm (Photo:
Business Wire)
The position at the top of the Latin American ranking was
maintained as a result of the company's ongoing expansion plan,
which operates more than 70 warehouses in 11 countries. Storage
capacity is over 4 million cubic meters and 560,000 pallet
positions. In 2023, seven acquisitions were completed and two new
warehouses were opened, marking the start of operations in Ecuador
and the Dominican Republic.
Emergent Cold LatAm recently inaugurated a modern warehouse in
Panama and is close to completing two important projects in Chile,
in the Talcahuano region, and in Peru, in Callao. In addition,
another seven construction and expansion projects are underway in
Brazil, Chile, Colombia, Mexico and Uruguay.
"We strive to offer our customers a network that is constantly
becoming more and more complete, and therefore, we see our position
at the top of the GCCA ranking as a reminder that we need to do
more and better to honor the trust that each customer and partner
puts in us and in the quality of our services," said Neal Rider,
CEO and Co-founder of Emergent Cold LatAm.
"We are now beginning to offer sufficient scale to our customers
to enable them to rely on us for future growth. In several cases,
now providing them services in multiple markets. There is clearly
much yet to do to support such a dynamic region, both its domestic
markets as well as its impressive exports. But this is great
recognition and a continuing strong signal to our customers,"
explained David Palfenier, President and Co-founder of Emergent
Cold LatAm.
About Emergent Cold LatAm:
Emergent Cold Latin America (www.emergentcoldlatam.com) is the
largest provider of refrigerated storage and logistics in Latin
America and the Caribbean. It was founded in August 2021 to meet
the need for modern cold chain solutions in the market, and the
growing demand from local and global customers. Its main investors
include Stonepeak, D1 Capital, and Lineage.
The company continues to invest in building and expanding a cold
chain network of the highest quality in order to provide end-to-end
temperature-controlled logistics solutions for its customers
throughout the region. Emergent Cold LatAm currently operates more
than 70 cold storage facilities in 11 countries in Latin America,
in addition to new warehouses under construction.
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Emergent Cold LatAm Eduardo Correa -
eduardo.correa@emergentcold.com - +55 41 99638-2399
Communication Manager, LatAm