Morgan & Morgan advised Galores Group in the sale of its cold storage business to Emergent LatAm.

Panama, August 31, 2021. Morgan & Morgan  advised the shareholders of the companies Galores Refrigerados S.A., Galores Logística S.A., and Avner Perry Investments, S.A. (the “Galores Group”), in connection with the sale of Galores Group to Emergent Cold Latin America (“Emergent LatAm”), Latin America’s newest temperature-controlled warehousing and logistics provider.

Galores Group is the largest 3PL cold storage facility in Central America and the Caribbean. Based in Panama City near two of the region’s largest volume ports, Galores Group operates a best-in-class logistics complex with a warehouse capacity of 21,000 pallets, with additional land available for expansion. The business offers a wide range of value-added services, including bonded storage, blast freezing, cross-docking, and order picking. In addition, Galores Group owns a fleet of transportation assets to handle both port drayage and last-mile distribution for its customers.

Partner Roberto Vidal, senior associates Ana Carolina Castillo and Maria Eugenia Brenes, and associates Angelica Ortiz, Yosela Escudero and Milagros Caballero, participated in this transaction.