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Emergent Cold Latin America Achieves Status of Largest Regional Warehousing Provider

Emergent Cold Latin America (Emergent Cold LatAm or the Company), the fastest-growing refrigerated storage and logistics service provider in Latin America, announced today its recognition by the leading industry association as the largest refrigerated warehousing and logistics provider in Latin America and the Caribbean, and the sixth largest provider in the world. These designations by the Global Cold Chain Alliance (GCCA) were determined by total capacity of temperature-controlled space operated by GCCA members as of December 31, 2022.

This achievement represents an important milestone in the company’s short history. Emergent Cold LatAm was founded in August 2021 with a vision to reshape the food chain logistics across Latin America. Less than two years later, the Company now operates in 11 countries with more than 60 warehouses and more than 4 million cubic meters of storage capacity. Emergent Cold LatAm accomplished this scale through the completion of 14 acquisitions and 7 new development projects that are now under construction.

“When David and I launched this venture in 2021, I could envision the extraordinary growth that we would enjoy, but not necessarily over such a short period of time,” said Neal Rider, CEO and Co-Founder of Emergent Cold LatAm. “This is a testament to the quality and commitment of our leadership team, and the thousands of Emergent Cold LatAm associates working across the region. I am extremely proud of what we’ve accomplished together, and grateful to our Board and investors for their support.”

“We never set our sights on being the largest in Latin America, but we purposefully intended to offer differentiated services to our customers wherever they might be located,” said David Palfenier, President and Co-Founder of Emergent Cold LatAm. “It turns out we shared this goal with the founders whose companies are now part of our network. Together, we have assembled a collection of world-class assets and provide strategic solutions for our customers. So much yet to do, but this is a great first milestone for Emergent Cold LatAm.”

As the region’s largest and most international cold storage and logistics platform, Emergent Cold LatAm is uniquely positioned to offer integrated solutions for customers across the food supply chain. The Company continues to invest in systems and people to provide a full range of value-added services including transportation and processing. In addition, the Company’s strategic alliance with Lineage Logistics – the world’s largest cold storage operator – creates additional opportunities to enhance customer service.

About Emergent Cold LatAm

Emergent Cold Latin America is the largest refrigerated warehousing and logistics provider in Latin America and the Caribbean, building the highest-quality cold chain network to provide end-to-end temperature-controlled logistics solutions to their customers across the region. The company was founded in August 2021 to cover the need for modern cold chain solutions in the market and to meet the increasing demand from domestic and global customers. Emergent Cold LatAm currently operates more than 500 trucks and more than 60 cold storage facilities, including seven new facilities now under construction, to complete a total of 11 countries across Latin America.

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