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Finlays Colombo Limited (Finlays) and Emergent Cold LP (Emergent Cold) have announced that they have signed a Sale and Purchase agreement for the transfer of Finlays’ temperature-controlled logistics business in Sri Lanka to Emergent Cold. The transaction was completed on 29 January, 2019. Finlays Colombo Limited has been operating in Sri Lanka since 1893 and is part of Finlays, which itself is part of the worldwide Swire Group of Companies. Finlays is one of the world’s leading suppliers of tea (in all formats), coffee and botanical extracts to brand owners. It operates a vertically-integrated supply chain spanning tea estates, tea...

13 July 2018 Press Release Emergent Cold Announces Asia Pacific Team    Emergent Cold announced today the formation of the Asia Pacific Leadership Team.  The team is largely drawn from the Emergent Cold Australian business, previously acquired from Swire Cold Storage as well as the business leaders of Vietnam and New Zealand. Emergent Cold is Australia's leading provider of cold-chain logistics services and supply chain solutions, offering temperature-controlled warehousing, refrigerated transport and distribution services to a broad range of businesses.   As well as being a leading player in Australia, Emergent Cold’s vision, starting in Australia and...

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...