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  5. Emergent Cold Latin America Acquires Bajo Cero

M&A Deal Summary

Emergent Cold Latin America Acquires Bajo Cero

On September 14, 2022, Emergent Cold Latin America acquired real estate company Bajo Cero

Acquisition Highlights
  • This is Emergent Cold Latin America’s 6th transaction in the Real Estate sector.
  • This is Emergent Cold Latin America’s 1st transaction in Mexico.

M&A Deal Summary
Date 2022-09-14
Target Bajo Cero
Sector Real Estate
Buyer(s) Emergent Cold Latin America
Deal Type Add-on Acquisition

Target

Bajo Cero

Guanajuato, Mexico
Bajo Cero is a cold storage company that operates a network of three modern facilities located in the cities of Irapuato, Villagran, and León, with a total capacity of more than 37,000 pallet positions, blast freezers, and land for future expansions. These facilities serve an important agricultural area of Mexico, allowing Bajo Cero to consolidate cargo for regional processing plants and packers for important brands in North America and Mexico. Bajo Cero was formed in 1999 and is based in Guanajuato, Mexico.

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Buyer(S) 1

Buyer

Emergent Cold Latin America

Miami, Florida, United States
Category Company
Sector Real Estate
DESCRIPTION

Emergent Cold Latin America is a cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. Emergent Cold Latin America 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. Emergent Cold Latin America is based in Miami, Florida.

DEAL STATS #
Overall 7 of 11
Sector: Real Estate M&A 6 of 8
Type: Add-on Acquisition M&A Deals 7 of 11
Country: Mexico M&A 1 of 2
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Bodegas frías

Escuintla, Guatemala

Bodegas frías is a third-party cold storage operator that operates three facilities in Palín, Villa Nueva, and Xela (Quetzaltenango), with a total capacity of almost 20,000 pallet positions and additional land for expansion. Bodegas frías was founded in 2006 and is based in Escuintla, Guatemala.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Multifrigo

Maipu, Chile

Multifrigo is an operator of a cold storages that offer tailor-made solutions to its customers, along with value-added services such as picking, cross-docking and packing. Multifrigo was founded in 1987 and is based in Maipu, Chile.

Buy -
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