Morrison has acquired a Singapore-based cold chain logistics provider to create the global infrastructure manager’s APAC cold chain platform.
Morrison said it has established Polaris following the acquisition of SuperFreeze Singapore, a provider serving the food and beverage and pharmaceutical sectors. The acquisition includes SuperFreeze Tuas, an automated cold storage facility in Tuas in the west of Singapore.
Financial details were not disclosed.
William Smales, partner and CIO at Morrison, said: “Morrison is committed to investing in the essential infrastructure that underpins resilient, modern economies. With demand for highly automated cold-chain capacity continuing to outpace supply across the Asia-Pacific region, our investment in SuperFreeze positions us to help close that gap and establish a scalable, best-in-class platform.
“It reflects our strong conviction in Singapore and our ambition to lead the evolution of the cold chain logistics sector across the region.”
Rajiv Khakhar, executive director at Morrison, said: “Cold storage logistics play a vital role in enabling regional APAC trade through the storage and trans-shipment of temperature-sensitive goods, while also ensuring stable food and pharmaceutical supply in high import-dependent economies.
“We look forward to working with the management team to unlock strategic opportunities across Asia and deliver significant long-term value by addressing a critical, enduring local societal need.”
Troy Shortell, CEO of the platform, said: “This acquisition represents a natural progression in our growth journey and further strengthens our mission to transform critical cold supply chain infrastructure across the region.
“Building on an already solid foundation, SuperFreeze is now even better positioned to expand our network of advanced cold logistics facilities that leverage high-efficiency refrigeration and distributed energy systems to further reduce our carbon impact.”
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