M&A Deal Summary

AGRO Merchants Group Acquires Friopuerto Investment S.L. - Iberian Operations

On June 5, 2019, AGRO Merchants Group acquired real estate company Friopuerto Investment S.L. - Iberian Operations from Friopuerto Investment S.L.

Acquisition Highlights
  • This is AGRO Merchants Group’s 2nd transaction in the Real Estate sector.
  • This is AGRO Merchants Group’s 5th transaction in Spain.

M&A Deal Summary

Date 2019-06-05
Target Friopuerto Investment S.L. - Iberian Operations
Sector Real Estate
Buyer(s) AGRO Merchants Group
Sellers(s) Friopuerto Investment S.L.
Deal Type Divestiture

Target

Friopuerto Investment S.L. - Iberian Operations

Valencia, Spain
Friopuerto Investment S.L. - Iberian Operations is a 10,000 square meter cold store located in the Port of Valencia, which is one of the largest container ports in Europe. This is the only cold storage facility located directly at the port, which offers time and cost benefits to the food industry. The site has several rooms comprising chilled, frozen and dual-temperature with a total capacity of 12,000 pallet spaces, along with on-site food inspection services and deep commodity expertise that includes meat, fish, fresh produce and other commodities.

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Buyer(S) 1

Buyer

AGRO Merchants Group

Schiphol, Netherlands

Category Company
Founded 2013
Sector Real Estate
DESCRIPTION

AGRO Merchants Group LLC is a provider of an innovative cold chain solution. AGRO Merchants owns and operates over 7.7 million cubic meters of temperature-controlled warehouse and distribution space in the U.S, UK, Austria, Ireland, Spain, Portugal, Poland, Australia, Brazil, Chile, and the Netherlands. AGRO Merchants was founded in 2013 and is based in Schiphol, Netherlands.


DEAL STATS #
Overall 16 of 16
Sector: Real Estate M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Spain M&A 5 of 5
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-06 Cool-Pak Solutions

Carson, California, United States

Cool-Pak Solutions is a provider of storage and repacking services based in the Port of Long Beach, California. Cool Pak operates a state-of-the-art, 175,000 square foot facility that is strategically located within the overweight corridor at the Port of Long Beach. Originally founded to support produce firms with their import/export activities in and out of Southern California, Cool Pak has developed deep expertise across a range of services including inspection, grading, repacking, reconditioning, cross-docking and fumigation.

Buy -

Seller(S) 1

SELLER

Friopuerto Investment S.L.

Valencia, Spain

Category Company
Sector Transportation
DESCRIPTION

Friopuerto Investment S.L. is a fast-growing temperature-controlled logistics company operating in three continents. Friopuerto aims to provide port-oriented cold storage services for importers and exporters internationally. Friopuerto currently operates cold store facilities in Mexico, Morocco, Portugal, Spain and Uruguay, all of them inside port zones.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Spain M&A 1 of 1
Year: 2019 M&A 1 of 1