Cold Land
Industry:
Cold Chain Logistics
Year:
2010
Exit Date:
2017
Exit Type:
Trade Sale
Country:
Portugal
Investment Type:
Build-up
Stake
80%
Website:
Consolidation strategy in the Portuguese cold logistics sector, based on (i) a shortage of storage capacity leading to costly transport inefficiencies, (ii) high barriers to entry, including significant start-up investment, specialized know-how, and high switching costs, (iii) a fragmented market lacking an integrated cold logistics solution; and (iv) increasing demand driven by shifting dietary habits in Portugal toward frozen and pre-cooked meals.
The exit was completed through a trade sale to an international competitor, the Agro Merchants Group (current Americold), backed by Oaktree.
