NewCold is pleased to announce it is expanding its service in a new market with the acquisition of Frigoservice in Lisbon, Portugal. An earlier investment was made in November 2021 with the acquisition completed in July 2022.
Frigoservice is a leading frozen logistics provider active in the Portuguese market since 2001. Frigoservice will be rebranded as NewCold.
As part of its market strategy in Portugal, NewCold has also acquired a brownfield site in Palmela. The estate includes a temperature-controlled warehouse This investment will provide infrastructure for growth ambitions.
The estate has a total area of 153.390 m², with 42.812 m² of buildings.
The property with c.a 153.390 m2 of GCA is in Palmela (Greater Lisbon Area). It is in Quinta da Marquesa, an Industrial Area surrounding the A2and the EN379 (Azeitão-Palmela).
The North area, next to the A2, is the most consolidated and where some large logistic platforms are located, with a clear benefit from the proximity to structural road axes (A2 and A33). Some of the neighboring companies include Coca-Cola, ALDI DC, Ribeiralves and Volkswagen AutoEuropa.
Abhy Maharaj, Chief Commercial Officer NewCold said: “This investment will enable us to intensify our digital innovation in transport and cold storage. And support our growing global footprint. This expansion into Portugal reinforces the importance of technology for our business and our industry, helping us to create further value for our customers.”
NewCold acquires Frigoservice
Tue Apr 04 08:36:43 CST 2023
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Editor: Amanda
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- 2 Lai Heping, deputy director of the Management Committee of Lingkong EDZ, together with his delegation, visited Hangzhou Fima Expo
- 3 A must-see for foreign traders: MEGA CLIMA Nigeria 2025 is coming overwhelmingly!
- 4 Hangzhou Fima Expo Co., Ltd held a summary conference for the 4th China International Air Conditioning, Heating, Ventilation, Refrigeration and Cold Chain Expo (RACC 2024) and the 2024 Asia International Heat Pump Expo (AHP 2024)!
- 5 [October 23] Facing Intense Competition, How to Break Through and Expand Overseas? The 4th Summit of the Forum on China HVAC International Trade is Coming Soon!
- 6 The Fujian Refrigeration Society will organize a delegation of chief engineers to attend RACC 2024!
- 7 [Agenda Preview] The 2024 Asia International Heat Pump Development Summit Forum is coming soon!
- 8 Registration is Opening | 1st Summit Forum on Energy Storage and Thermal Management Industry Development
- 9 Numerous overseas businesses are eagerly contacting their Chinese partners, planning to meet at the RACC EXPO!
- 10 The Technology Exchange Conference and New Product Promotion Conference of Zhejiang Daming Refrigeration Technology Co.,Ltd. is about to make a stunning debut!
The 1st stop of RACC2025 Global Promotion Tour-HVAC/R Philippines2024
Return with bountiful gains! The 1st stop of RACC2025 Global Promotion Tour-HVAC/R Philippines2024 successfully concluded
Lai Heping, deputy director of the Management Committee of Lingkong EDZ, together with his delegation, visited Hangzhou Fima Expo
Lai Heping, deputy director of the Management Committee of Lingkong EDZ, together with his delegation, visited Hangzhou Fima Expo
A must-see for foreign traders: MEGA CLIMA Nigeria 2025 is coming overwhelmingly!
A must-see for foreign traders: MEGA CLIMA Nigeria 2025 is coming overwhelmingly!
Hangzhou Fima Expo Co., Ltd held a summary conference for the 4th China International Air Conditioning, Heating, Ventilation, Refrigeration and Cold Chain Expo (RACC 2024) and the 2024 Asia International Heat Pump Expo (AHP 2024)!
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