LONDON: Constellation Cold Logistics has entered into an agreement to acquire Agri-Norcold A/S.
The transaction brings Constellation’s first entry into the Danish market, strengthening its European footprint and service offering in the Nordics for existing and new customers.
Agri-Norcold, headquartered in Aalborg, Denmark, has been the leading player in the Danish cold storage industry since its establishment in 1964. Agri-Norcold owns and operates 10 facilities strategically positioned near major food production hubs, import/export points, and major cities ensuring efficient transportation and logistics flows.
Its extensive network across Denmark boasts a total of 865,756 m3 of frozen storage, or 266,000 pallet spaces, in addition to major freezing and packing infrastructure. Since 2012, Agri-Norcold has been jointly owned by TA-Logistics and Danish Crown.
Carlos Rodriguez (Constellation’s CEO) said: “The addition of Agri-Norcold to our network opens up strategic opportunities in Denmark and strengthens Constellation’s leading position in the Nordics, where we already enjoy strong partnerships and growth opportunities with our customers in Norway and Sweden.
“Agri-Norcold’s long standing relationship with Danish Crown and several other meat, dairy, seafood and packaged food producers positions the company well for future growth. Denmark is one of the largest net exporters of food products in Europe, and this transaction will allow us to continue to grow with new customers, as well as many others that we already serve across the Constellation network.”
Constellation is Europe’s leading independent cold storage and logistics provider with approximately 700,000 pallet positions of temperature-controlled capacity and a presence across seven European countries, excluding the Agri-Norcold acquisition.
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