Agro Merchants Group, one of the world’s fastest growing cold chain solutions companies, together with its financial sponsor Oaktree Capital Management, announced it has made a strategic investment in Brazil’s Comfrio Soluções Logísticas. This investment marks Agro Merchants’ initial investment in Latin America and lays the foundation to build out a broad network across the region.
“With this partnership, Comfrio’s management team will have access to the resources and expertise of AGRO Merchants Group’s global network, bringing new innovative solutions to its clients in Brazil” said David Palfenier, Agro Merchants’ president for Latin America.
Founded in 1996, Comfrio Soluções Logísticas, headquartered in Bebedouro, São Paulo, Brazil, offers integrated logistics solutions to its customers, with particular emphasis on its cold chain capabilities. The company, which operates nationwide with warehousing capabilities including frozen, refrigerated, and logistics, recently announced its acquisition of Stock Tech Logistica, a leading company that further expands Comfrio’s capabilities and services for its customers.
“We will implement our two core strategies in Latin America: support and integrate our U.S. and European customers who import and export in the region; and create full national integrated logistics solutions in the major markets on the continent” said Neal Rider, Global CEO of Agro Merchants Group.