AGRO Merchants Group has completed the acquisition of Icestar, located in Santiago, Chile. Icestar was created by Frigorífico Andino S.A., a group founded in 1999 and acquired by partners Kurt Reichhard and Pedro Lizama in 2000. Mr. Reichhard and Mr. Lizama have transformed Icestar into the leading cold storage company in Chile and will retain an equity position in the company.
Icestar has an exceptional strategic location from a logistics point of view, simultaneously close to the main distribution and production centers of the Chilean capital, as well as having direct access to the highway networks of Northern and Southern Chile; to the international highway which leads to Argentina; to Santiago’s international airport; and to the major import/export ports in San Antonio and Valparaiso.
Icestar has built its leadership in Chile by offering the highest-quality services in cold storage, blast freezing, and packaging/labeling. Icestar will now offer logistics solutions and new value-added services, leveraging AGRO’s expertise in other markets.