Emergent Cold Latin America (Emergent Cold LatAm), signed a definitive agreement to acquire the cold-storage operations of Frigorifico Modelo (Frimosa). The transaction is expected to close in December 2022.

As part of the proposed transaction, Emergent Cold LatAm will acquire Frimosa’s main facility in Polo Oeste, Uruguay. It consists of a warehouse with 22,000 pallets of cold storage and substantial land for expansion. In addition, Emergent Cold LatAm will acquire a newly constructed 8,400-pallet warehouse in Asunción, Paraguay.

The acquisition of Frimosa’s cold-storage operations will expand Emergent Cold LatAm’s existing capabilities in Uruguay. In May 2022, the company completed the acquisition of Montevideo-based Polo Logístico de Frio. The investment included plans to expand PLF’s facility to double its current size.