Constellation Cold Logistics, a portfolio company of London, England-headquartered Arcus Infrastructure Partners, has entered into an agreement to acquire Aalborg, Denmark-headquartered Agri-Norcold A/S. The transaction, terms of which were not disclosed, marks its first entry into the Danish market.
Agri-Norcold has been the leading player in the Danish cold storage industry since 1964. It owns and operates 10 facilities strategically positioned near major food production hubs, import/export points, and cities ensuring efficient transportation and logistics flows.
The company’s extensive network across Denmark offers 865,756 cubic meters of frozen storage, equating to 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.
“The addition of Agri-Norcold to our network opens up strategic opportunities in Denmark and strengthens our leading position in the Nordics, where we already enjoy strong partnerships and growth opportunities with our customers in Norway and Sweden,” said Constellation CEO Carlos Rodriguez.
He added: “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, chief executive officer of TA-Logistics A/S and chairman for Agri-Norcold, commented: ”I’m very pleased that Agri-Norcold is joining Constellation. The 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.”
