May 9, 2018
Emergent Cold announced today the acquisition of Polarcold Stores Limited and Whakatu Coldstores Limited (which were merged on 1 January 2018 under the Polarcold brand) from Scales Corporation Limited (NZX:SCL). The Polarcold acquisition extends Emergent Cold’s market leading position in Australia and Vietnam to New Zealand, where Polarcold is the clear market leader. The transaction is subject only to OIO approval.
Scales Managing Director Andy Borland says “we are proud to have built a market leading position in the New Zealand coldstorage industry. We were approached by Emergent Cold who see Polarcold as an ideal fit within...
November 2017 | Report Format: Electronic (PDF)
The global cold storage market is anticipated to reach USD 212.54 billion by 2025, growing at a CAGR of 12.4%, according to a new report by Grand View Research, Inc. The retail sector in emerging economies, such as India and China are increasingly getting organized. This trend among others is expected to augment the cold storage market demand over the forecast period. Government policies to de-regulate the entry of foreign player has increased the Foreign Direct Investment (FDI) in the organized retail sector.
In organized retailing, the licensed retailers sell products of various...
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