Emergent Cold collaborates with tech firm on analytics

The temperature-controlled supply chain company that recently purchased Swire Cold Storage, Emergent Cold, has signed a Heads of Agreement with technology company irexchange, to support the next phase of growth for both businesses.
The Agreement outlines a collaboration between Emergent Cold and irexchange that will provide temperature-controlled flow-through distribution-centre transport and fulfilment capability to irexchange, initially within Victoria and then nationally. irexchange is to provide technology and analytical capabilities to facilitate the creation of a next-generation temperature-controlled supply chain capability.
The Agreement with Emergent Cold will support irexchange’s growth into fresh and perishable products and enable irexchange to broaden its customer base.
“We are pleased to partner with irexchange to develop the next generation of supply-chain capability in the temperature-controlled market, especially for smaller independent retailers,” said Greg Holt, Managing Director, Emergent Cold Australia. “There are great synergies between Emergent Cold’s capability and the irexchange platform and technology which we look forward to realising.”
Clive Yoxall, CEO, irexchange, added: “We are continuing to build our efficient world-class network and national footprint. With this agreement, we will deepen our support capabilities across the independent grocery and smaller retailer sectors. Our new relationship with Emergent Cold is a significant and important milestone and we are confident that both our organisations will generate strong and sustained value through the partnership.”

Swire Cold Storage sold to US newcomer

Australian cold-chain logistics provider Swire Cold Storage has sold its business, including 15 warehouses, customer and employee contracts and land, to US refrigeration technology company Emergent Cold, the Australian Financial Review reports.
Swire Cold Storage’s network covers over 65 million cubic feet (275,000 pallet spaces) of refrigerated storage, in 15 facilities across Australia.
The deal reportedly went through before Christmas, though financial terms have not been disclosed.
Emergent Cold also acquired Swire’s Vietnamese cold-storage business in the deal.
Emergent Cold was founded in May 2017 by Neal Rider, former President of US cold-storage behemoth Americold Logistics.
Emergent Cold’s LinkedIn page already reflects the acquisition, calling the company, “the market leader in Australia, with capacity for 320,000 pallets in 75+ million cubic feet of temperature-controlled space, ranging from fully automated high rise to traditional sites.”
“Over the past 60 years, Swire has built the leading cold storage businesses in Australia and Vietnam through dedicated service to customers, commitment to employees and investment in high-quality operations,” said Rider.
“We are excited to partner with this outstanding management team, and we look forward to supporting the continued growth and expansion of the businesses throughout Asia Pacific as part of Emergent Cold.”
 

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