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...
For immediate Release:
21 December, 2018
Emergent Cold continues with strategic acquisitions in the Asia Pacific Region
Montague’s cold storage division in Melbourne, Australia is acquired by Emergent Cold
Further 80,000 pallets of storage capacity to Emergent Cold’s Australian network
Site locations at Allansford, Truganina...
13 July 2018
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...
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