Cork, Ireland: Constellation Cold Logistics is to buy Colso Coldstorage and enter the Irish market.
Colso, a family-run business founded in 1974, has 24,000 pallets of storage capacity and provides cold storage services in Ireland, with particular expertise in the dairy and meat sectors.
Carlos Rodriguez, chief executive, Constellation Cold Logistics said “Colso will open up strategic opportunities for Constellation in Ireland and strengthen our geographical position in Europe.
“Colso’s commodity expertise and excellent customer base are of major importance for our company. As a major net exporter of several key food product categories, Ireland is of great relevance within the global cold chain. Our plans include further growth via M&A and expansion projects to support customers’ international growth and streamline their route to market.”
Deirdre Collins, managing director, Colso, said: “The other directors and I were attracted to Constellation’s entrepreneurial roots and family heritage, which is an ideal fit and best path for the next phase of our business. Constellation is a truly best-in-class cold storage provider with top-tier local operations across Europe, and our customers will benefit from access to Constellation’s network of over 25 facilities, as well as investments to support their growth here in Ireland. I’m looking forward to working with the Constellation team to realise the new opportunities that we now have at Colso.”
Constellation is a portfolio company of Arcus Infrastructure Partners, an independent fund manager with experience in European infrastructure investments.
