Product expertise includes frozen/deep-frozen such as ice cream, bread, pastries, produce and protein, as well as refrigerated products like dairy and cold meats.
AGRO Merchants Group, Alpharetta, Ga., acquired Cold Land SGPS SA from funds affiliated with Inter-Risco, a premier Portuguese private equity firm, and Portugal Ventures, a venture capital and private equity firm. Cold Land is the Portugal-based parent company of Frissul and Frigomato, which together offer 303,200 cubic meters of storage capacity or the equivalent of 55,700 pallet positions. This latest acquisition expands AGRO’s footprint in a key strategic region and significantly broadens its capabilities and service offerings throughout the food supply chain. The current management team, led by CEO Afonso Almeida, will continue to lead the business in Portugal.
The company's largest cold store is located in Carregado Industrial Estate in the Lisbon district. Two additional facilities are based in Aveleda and Aguda, both in the Porto area. Product expertise includes frozen/deep-frozen such as ice cream, bread, pastries, produce and protein, as well as refrigerated products like dairy and cold meats. Customers include producers, retailers, distributors and traders. Group certifications include ISO 9001, SMETA and IFS Logistics.