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Emergent Cold LatAm Expands Brazil Network with São Paulo Acquisition

ECLA Guarulhos 4

Newly constructed building offers modern storage capacity, a huge capacity for new customers, and service offerings

SÃO PAULO, Brazil – September 20, 2023 – Emergent Cold Latin America (Emergent Cold LatAm), the fastest-growing cold storage logistics operator in Latin America, announced today the acquisition of a new facility located in the Guarulhos municipality of São Paulo. The site is located within a logistics park that is being developed by affiliates of Brookfield.

Emergent Cold LatAm’s newest asset is close to Brazil’s main international airport and connected to the Via Dutra, a key area for distribution into São Paulo and important cities to the North, such as Rio de Janeiro.

The investment comprises almost 51,000 square meters across two buildings: a tri-temperature operation that is dedicated to Martin Brower, and a second area that offers 27,500 pallets of cold storage along with value-added services for new customers in the food supply chain.

“São Paulo is Brazil’s largest and most important food logistics market with a lack of new and modern cold infrastructure,” said Evandro Calanca, Managing Director, South Cone at Emergent Cold LatAm. “We have been actively looking to add São Paulo to our cold storage network since launching our Brazil operations in late 2021. I am pleased to make the first of what I believe will be several strategic investments in the greater São Paulo region.”

Emergent Cold LatAm now operates almost 200,000 pallets of cold storage capacity across 10 facilities in Brazil. In addition, the Company announced last week that it signed a definitive agreement to acquire a facility in Rio de Janeiro. This transaction is expected to close in October.

“We are working hard to create the best network coverage and highest quality asset base in every country where we operate,” said David Palfenier, President of Emergent Cold LatAm. “Our latest purchase in São Paulo is a great reflection of this vision.”

44 Capital Finanças Corporativas acted as financial advisor, and Bronstein Zilberberg Chueiri & Potenza Advogados acted as legal advisor to Emergent Cold LatAm.

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