Emergent advances Australian push with Oxford takeover


US giant’s Australian cold storage strategy heats up with third purchase

Emergent advances Australian push with Oxford takeover
Emergent has made its third big play in Australia

 

Emergent Cold is continuing its Australian charge following an agreement last week to acquire Oxford Cold Storage, which is now subject to regulatory approval.

The US giant confirms the move complements its broader strategy of "creating a global network of cold chain businesses", with this being its third Australian acquisition – alongside Swire Cold Storage and Montague Cold Storage – in the past 18 months.


Read about the acquisition of Montague Cold Storage, here


Melbourne-based Oxford had been family owned since it was established in 1975.

Its operations and marketing director Paul Fleiszig says: "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."

Since being founded in 2017, 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, it says.

"We look forward to welcoming the Oxford Cold Storage team to the Emergent Cold network," Emergent CEO Neal Rider says.

"Combining Oxford with our platform will further strengthen our offering to the Australian and International market."

You can also follow our updates by joining our LinkedIn group or liking us on Facebook