LONDON, Aug. 7, 2024
/PRNewswire/ -- Constellation Cold Logistics ("Constellation" or
the "Company"), a leading European cold storage and logistics
provider, announced today that it has entered into an agreement to
acquire Agri-Norcold A/S ("Agri-Norcold"). 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."
Thorkil Andersen (CEO,
TA-Logistics A/S, and Chairman for Agri-Norcold) said: "I'm very
pleased that Agri-Norcold is joining Constellation. The
Agri-Norcold team's customer service focus is very much aligned
with Constellation's responsiveness and culture, and they look
forward to benefiting from the capabilities of a pan-European
network. TA-Logistics companies look forward to collaborating with
Constellation, both within Denmark
and in other operating geographies where Frode Laursen and other companies of the group
provide transportation and other value add services."
Jan Nielsen (Agri-Norcold's MD)
said: "I would like to congratulate our employees for the great
company that they have built over the years. They should take great
pride in what we have achieved together, and they can look forward
to greater opportunity and growth as part of the wider
Constellation network. I would also like to thank our customers for
the trust they place in us every day, I am excited to be able now
to provide them with solutions across Europe, and to extend our services in
Denmark to existing Constellation
customers. Constellation and Agri-Norcold share common values and I
truly believe that we can achieve great things together."
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. www.constellationcold.com
TA-Logistics is a family-owned investment company that focuses
solely on logistics. TA-Logistics owns, leads and develop
operational logistic companies. These include Frode Laursen A/S,
IN-Store A/S, Kaj Madsen Fjelstrup A/S, Skanol A/S and other
subsidiaries, with more than 3,000 employees, 600,000 m2 warehouse and 1,300
transport vehicles across the group.
www.ta-logistics.dk | www.frode-laursen.com
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SOURCE Constellation Cold Logistics S.à r.l.