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Emergent Cold to Acquire Oxford Cold Storage


Emergent Cold to Acquire Oxford Cold Storage

PR Newswire

Dandenong South, Vic., May. 29, 2019 /Medianet/ --

Emergent Cold to Acquire Oxford Cold Storage

 

 

For immediate release:                                                                    

May 28, 2019                                                                                         

                                                                                               

 

Key Points

·         Oxford Cold Storage in Melbourne, Australia is to be acquired by Emergent Cold

·         Emergent Cold expands its offering in the Asia Pacific region

·         Adds Oxford’s 24 hectare (60 acre) operation at Laverton North in Victoria to Emergent’s Australian network

 

 

Emergent Cold and Oxford Cold Storage announced today that they have signed an agreement under which Emergent Cold will acquire Oxford Cold Storage. This acquisition complements the broader Emergent Cold strategy of creating a global network of cold chain businesses. The acquisition is subject to regulatory approval.

 

In 1951 the Fleiszig and the Stern families established Cambridge Poultry Distributors in South Yarra. Twenty years later, they relocated their operations across Melbourne to be closer to the meat hub in North Laverton. In 1975, they established Oxford to serve the neighbouring meat producers. Oxford has been family owned and operated for 44 years.

 

Paul Fleiszig, Oxford’s operations and marketing director commented “This is a very exciting time for the Oxford business. The Emergent acquisition provides our staff with increased opportunities and career development. It will also provide for the opportunity to service clients across Emergent’s substantial geographical footprint and to increase our service offerings.”

 

“The Fleiszig and Stern families wish to acknowledge and thank Oxford’s loyal and talented staff for their substantial contribution to the Oxford success story and for helping to create an enviable work culture.”

 

Emergent Cold was founded in 2017 with the vision to be the leading global cold chain services partner for its customers. Emergent Cold has grown through a combination of business acquisitions and new greenfield developments and now has a network of 42 cold stores in five countries.

 

Neal Rider, CEO of Emergent Cold, said “We look forward to welcoming the Oxford Cold Storage team to the Emergent Cold network. Combining Oxford with our platform will further strengthen our offering to the Australian and International market.”

 

Contact information:

Allen Ramsay, CFO, Emergent Cold

Phone: +1 817-913-3601

Email: allen.ramsay@emergentcold.com

                                                                                                                    

Paul Fleiszig, Operations and Marketing Director, Oxford

Phone: +61 411 228 050

Email: paul@aboxford.com.au

 


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