Constellation Cold Logistics entered into an agreement to acquire VF Coldstores

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Oct 11, 2023, 01:00 ET

LONDON, Oct. 11, 2023 /PRNewswire/ -- Constellation Cold Logistics ("Constellation" or the "Company"), a leading European cold storage and logistics provider, announced today that it has entered into an agreement to acquire VF Coldstores ("VF"). The transaction will allow Constellation to enter the Irish market, strengthening its European footprint and service offering for existing and new customers.

VF was founded in 1988 and opened a second cold store to meet high customer demand in 2007. VF offers 17,000 pallets of storage capacity in the Dublin area plus a full suite of value-added services, including blast freezing, high volume case picking, managed transport service, and import-export services. VF has enjoyed significant growth by partnering with customers to develop bespoke solutions, and the company has become an integral link in the supply chains of leading Irish producers in the meat and packaged foods sectors.

Carlos Rodriguez (Constellation's CEO) said "The addition of VF Coldstores to our network opens up strategic opportunities in Ireland and strengthens Constellation's geographical position. VF's strong relationships with Irish producers and its strategic location near the city centre and the port of Dublin strongly position the company for future growth. Ireland is one of the largest net exporters of food products in Europe and this transaction will allow us to continue to grow with existing VF customers, new clients, and numerous Irish companies which we already serve in the UK and mainland Europe''.

The VF team customer service focus is very much aligned with Constellation's strategy and culture, which focus on providing high-quality and efficient local service in every market, whilst benefiting from the capabilities of a pan-European network.

Vincent Flanagan (VF Managing Director) said "I'm very pleased that VF is joining Constellation; having a partner that fully understands the European market dynamics, including the need for flexibility and agility to meet customer needs, will put VF in a stronger position to support the growth of our customers' supply chains in Ireland, the UK and other European countries. Constellation's culture and values are visible at all levels of the organisation and our team is looking forward to being part of the group''.

Constellation is Europe's leading independent cold storage and logistics provider. Following the transaction closing, Constellation will have approximately 640,000 pallet positions of temperature-controlled capacity and a presence across seven European countries.

Constellation is a portfolio company of Arcus Infrastructure Partners, an independent fund manager with significant experience in European infrastructure investments. Constellation's ownership structure also includes original founders alongside Arcus, ensuring a continued tradition of entrepreneurship and excellent customer service in each location. (www.constellationcold.com)

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SOURCE Constellation Cold Logistics