Emergent Cold acquires Montague Cold Storage
This acquisition complements the broader Emergent Cold strategy of acquiring and developing a global network of cold chain businesses.
Emergent Cold, Dallas, Texas, acquired Montague Cold Storage, Melbourne, Australia. This acquisition complements the broader Emergent Cold strategy of acquiring and developing a global network of cold chain businesses.
“We want to thank all the executives and staff who have contributed to this wonderful business over 60 years. The Montague family and management team will be focusing our energy and future endeavors in the horticultural industry, where there are many exciting opportunities both nationally and internationally,” says Ray Montague, chairman of Montague Group. “With this sale, Montague will be well positioned to grow our horticultural business with further investments in product development, technology and distribution infrastructure. We remain committed to delivering the broad product offering and value-added customer support that our customers, partners, growers and supply base have come to expect from Montague.”
“We are delighted to welcome the Montague Cold Storage team to the Emergent Cold network,” adds Neal Rider, chief executive officer of Emergent Cold. “Combining Montague’s assets with our national service capability will further strengthen our offering to the Australian and international market.”