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US business acquires Montague Cold Storage

Global cold chain network, Emergent Cold, has announced the acquisition of the Montague Cold Storage facilities in Melbourne.

This acquisition reportedly complements the broader Emergent Cold strategy of acquiring and developing a global network of cold chain businesses.

Montagues was founded in 1948, by William (Bill) Montague OAM by purchasing a carting operation that turned the Montague name into a fresh food provider. The first orchard was planted at Narre Warren, Victoria, in 1950. Innovation continued with the introduction of controlled atmosphere storage to Australia in 1967, followed by its first cold storage facility at Allansford in 1989.

“We want to thank all the executives and staff who have contributed to this wonderful business over 60 years," said Montague Group Chairman, Ray Montague.

"The Montague family and management team will be focussing our energy and future endeavours in the horticultural industry, where there are many exciting opportunities both nationally and internationally," he said.

“With this sale, Montague will be well positioned to grow our horticultural business with further investments in product development, technology and distribution infrastructure.

"We remain committed to delivering the broad product offering and value-added customer support that our customers, partners, growers and supply base have come to expect from Montague."

Emergent Cold was founded in Texas, US, in 2017 with the vision to build a global cold chain solution for multinational customers. Emergent Cold has grown through a combination of business acquisitions and greenfield developments in emerging and developing markets.

“We are delighted to welcome the Montague Cold Storage team to the Emergent Cold network," said Emergent Cold CEO, Neal Rider. "Combining Montague’s assets with our national service capability will further strengthen our offering to the Australian and International market."

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