AGRO Merchants Group acquires Friopuerto’s Iberian cold storage operations
The three new facilities will be quickly transitioned to operate under the AGRO brand.
AGRO Merchants Group, Alpharetta, Ga., acquired three Iberia-based cold stores from Friopuerto, Spain. This transaction substantially expands AGRO's footprint and service capabilities within the Iberian region and reinforces the company's global leadership position in the import/export arena to support international trade. The three new facilities will be quickly transitioned to operate under the AGRO brand, while Friopuerto will retain its cold storage facilities in Mexico, Morocco and Uruguay.
The largest of these three newly acquired facilities is a 10,000-square-meter cold store located in the Port of Valencia. This is said to be the only cold storage facility located directly at the port. The site boasts several chilled, frozen and dual-temperature rooms with a total capacity of 12,000 pallet spaces, along with on-site food inspection services and deep commodity expertise that includes meat, fish, fresh produce and other commodities.