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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.

Emergent Cold Latin America Acquires Martini Meat

November 22, 2021 GMT

SÃO PAULO, Brazil--(BUSINESS WIRE)--Nov 22, 2021--

Emergent Cold Latin America (Emergent LatAm), Latin America’s newest temperature-controlled warehousing and logistics provider, announced today the acquisition of Martini Meat S.A., a market leader for cold storage, logistics and value-added services in Brazil. This acquisition, which Emergent LatAm completed through its operating subsidiary DMX Logística, adds four cold storage facilities to its growing regional network.

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Martini Meat is one of the largest cold storage operators in Latin America, with facilities throughout the States of Paraná, Santa Catarina and Rio Grande do Sul, all near South Brazil’s largest refrigerated cargo ports. Its network consists of 74,000 pallet positions, 69,000 square meters of storage capacity, and over 400 employees. Martini Meat offers customers best-in-class temperature-controlled storage, handling and transportation services.

The combination of Martini Meat and DMX Logística unlocks significant new opportunities. Customers will now benefit from a full end-to-end logistics and transportation solution, from the processing plant to an Emergent LatAm warehouse, a container terminal or directly to the port. Both companies enjoy deep industry expertise, which will create new and innovative service offerings, and a seamless customer experience.

“I’ve long admired Martini Meat for its leading market position and deep customer relationships,” said David Palfenier, President of Emergent LatAm. “This transaction, combined with the transportation services of DMX Logística, allows us to offer customers a fully integrated cold chain logistics solution to Brazil’s growing protein market.”

“We are thrilled to welcome the team of Martini Meat to Emergent Cold Latin America,” said Evandro Calanca, Managing Director of Emergent Cold LatAm. “Brazil is the world’s largest and fastest growing protein export market, which makes it an essential part of our strategy. Martini Meat provides us a base for a complete network of cold storage facilities across Brazil.”

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 Martini Meat

Martini Meat ( http://www.martinimeat.com.br/ ) was founded in 1973 in the municipality of Apucarana. With the heated demand for the export of its products, the need for a refrigerated warehouse in Paranaguá emerged, which led Martini Meat to invest in the first warehouse of its kind in the Paraná port complex. The business has since grown to include operations in the South of Brazil in the cities of Paranaguá (PR), Ponta Grossa (PR), Itajaí (SC) and Rio Grande (RS). Martini Meat is focused on operations with accurate results and creative solutions. For this, it has in its structure an exclusive sector of planning and operations control, composed of highly qualified technical professionals capable of offering excellent operational support.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211122006453/en/

CONTACT: Media:

Emergent Cold Latin America

Greg Mitchell

+1 (601) 479-9162

greg.mitchell@emergentcold.comRAM Communications

Ron Margulis

+1 (908) 337-0020

ron@rampr.com

KEYWORD: SOUTH AMERICA BRAZIL

INDUSTRY KEYWORD: TRANSPORTATION TRAVEL TRUCKING RAIL MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT AIR TRANSPORT

SOURCE: Emergent Cold Latin America

Copyright Business Wire 2021.

PUB: 11/22/2021 11:43 AM/DISC: 11/22/2021 11:43 AM

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