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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

ADDING and REPLACING Emergent Cold Latin America Acquires DMX Logística

November 16, 2021 GMT

SÃO PAULO, Brazil--(BUSINESS WIRE)--Nov 16, 2021--

Add after last paragraph of release: 44 Capital Finanças Corporativas acted as financial advisor and Lefosse Advogados acted as legal advisor to Emergent LatAm.

The updated release reads:

EMERGENT COLD LATIN AMERICA ACQUIRES DMX LOGÍSTICA

Addition of protein-focused transportation business represents first step in ambitious Brazil growth strategy

Emergent Cold Latin America (Emergent LatAm), Latin America’s newest temperature-controlled warehousing and logistics provider, announced today the acquisition of DMX Logística, the premier transportation company supporting Brazil’s protein industry. This acquisition is Emergent LatAm’s first investment in Brazil and represents an important piece of its growth strategy in a key global food trade market.

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Based in Itajaí, Santa Catarina, DMX Logística operates a modern fleet of more than 400 trucks and trailers across 13 locations, in addition to rail, cabotage and other modals, serving the largest reefer ports in South Brazil. It enjoys a stellar reputation throughout the protein industry for its expansive market coverage and customer service. As part of Emergent LatAm, DMX Logística will embark upon an ambitious growth plan that includes technology investment and geographic expansion.

“It is with a great pleasure that we welcome the team of DMX Logística to Emergent Cold Latin America,” said Evandro Calanca, Managing Director of Emergent Cold Brazil. “This transaction represents our first step towards building a large and fully integrated cold chain network in Brazil, including storage and transportation. We have a number of exciting announcements planned that will serve to meet our customers’ growing demand in this important global market.”

“We are very pleased to join Emergent Cold Latin America,” said Mayckon Cabral, Director and Co-Owner of DMX Logística. “With this transaction, our customers will gain access to a more integrated logistics solution, and our employees will enjoy new growth opportunities. The entire DMX team is honored to be part of this exciting project.”

44 Capital Finanças Corporativas acted as financial advisor and Lefosse Advogados acted as legal advisor to Emergent LatAm.

About Emergent Cold Latin America

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Emergent Cold Latin America ( www.emergentcoldlatam.com ) is building the highest quality cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. The Company was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers.

About DMX Logística

DMX Logística ( https://dmxlogistica.com/ ) has its headquarters in Itajaí, and though its operating bases operates 24 hours a day with more than 200 employees and a large transportation fleet. In addition to service in all regional cold stores, we also have service in ports throughout South Brazil. Since 2012, DMX Logística has had a base directly dedicated to operations involving multimodal transport such as maritime and rail. Our operations also rely on road transport for the collection or delivery of containers, which reduces costs to the customer and facilitates the distribution of demand.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211116006053/en/

CONTACT: Media Contacts:

Emergent Cold Latin America

Greg Mitchell

+1 (601) 479-9162

greg.mitchell@emergentcold.com

RAM Communications

Ron Margulis

+1 (908) 337-0020

ron@rampr.com

KEYWORD: FLORIDA UNITED STATES SOUTH AMERICA NORTH AMERICA BRAZIL

INDUSTRY KEYWORD: RETAIL OTHER TRANSPORT TRUCKING SUPPLY CHAIN MANAGEMENT RAIL COMMERCIAL BUILDING & REAL ESTATE MARITIME CONSTRUCTION & PROPERTY TRANSPORT SUPERMARKET AGRICULTURE NATURAL RESOURCES LOGISTICS/SUPPLY CHAIN MANAGEMENT FOOD/BEVERAGE

SOURCE: Emergent Cold Latin America

Copyright Business Wire 2021.

PUB: 11/16/2021 03:40 PM/DISC: 11/16/2021 03:41 PM

http://www.businesswire.com/news/home/20211116006053/en