Sao Paolo-based Emergent LatAm, the regions’s newest temperature-controlled warehousing and logistics provider, announced the launch with a USD450m capital raise, which will provide food and beverage customers with access to the region’s highest quality cold storage facilities and fill a growing need for integrated end-to-end logistics solutions within the market. According to a press release, Anchor investors are Lineage Logistics, the world’s largest temperature-controlled industrial REIT and logistics solutions provider; Stonepeak Partners LP, a leading alternative investment firm specializing in infrastructure and real assets; and D1 Capital Partners, an investment fund founded by Dan Sundheim.
Emergent LatAm also announced the completion of its first strategic acquisition of Perú’s newest and most advanced individually quick-frozen fruit processing facility located in Piura, along with its 7,300-pallet-position warehouse which serves Northern Perú’s domestic customers as well as the import/export trade at Paita Port.
The company will invest 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.
“We are thrilled to announce the launch of Emergent Cold Latin America and provide customers in the region with significant technological and modernization opportunities within their cold chains to match those that are leading the industry in the US and Europe,” said Neal Rider, co-founder. “We’re working towards transforming the temperature-controlled supply chain in Latin America and becoming a one-stop-shop solution for customers to support their growth journeys.”