Emergent Cold to expand in Central America
Emergent Cold Latin America plans to expand its temperature-controlled facility located in Panama City, Panama.
The refrigerated storage and logistics service provider said the expansion will add more than 8,300 pallet positions to the facility, bringing its total capacity to 28,300 pallets, and improving its ability to meet customers’ demands for cold storage and logistics in Central America.
“Panama is an important market for our regional storage and logistics network,” said David Palfenier, president of Emergent Cold LatAm. “Our legacy company Galores has always shown its leadership in service and solutions for the food industry. This investment to expand the company’s capacity and service offerings will benefit our customers and strengthen the food supply chain throughout Central America.”
Panama is a busy logistics hub for the Americas due to its easy access to the Atlantic and the Pacific Oceans, comprehensive air and sea connectivity through the Panama Canal, essential ports, and special economic zones. In addition, Panama enjoys one of the highest GDP growth rates in Latin America over the last 10 years.
This is Emergent Cold LatAm’s second investment in Panama.
In September 2021, the company acquired Galores Cold Storage, the largest third-party cold storage business in Central America and the Caribbean. The company offers a wide range of temperature-controlled services and solutions for the food industry, including transportation ranging from drayage to distribution.
