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AGRO Merchants Group to Acquire Nordic Logistics

Chris Hughes, President of AGRO Merchants North America said, “Nordic is a highly-regarded leading provider of value-added temperature controlled distribution services in the Southeast U.S. They are a company with whom we share a similar strategic vision of planned growth, customer focus, innovative services, and dedicated solutions. Nordic’s customers will greatly benefit from AGRO’s global footprint. This investment is highly strategic for us, as it adds the Port of Savannah to our existing U.S. port trade network of Philadelphia, Oakland, Charleston, and our planned investments in the Gulf Coast and Southern California. Further, it will allow AGRO to leverage Nordic’s existing investments in common back office systems and technology solutions for the benefit of our wider North American operations. We look forward to integrating Nordic’s customers, employees and partners into our network.”

Don Schoenl, President and CEO of Nordic stated, “We are excited to join the AGRO Merchants family. They understand how important customer relationships are to the business and the time and effort needed to sustain them. AGRO’s global strategy will allow us to expand services and capacity to our customers. Through this partnership, we will continue to offer extensive regional coverage, and continue to aggressively invest in new capabilities and technology.”

Neal Rider, CEO of AGRO Merchants said, “We welcome Don and the Nordic team to AGRO. Don will further bolster our executive team and will oversee the newly combined North America operations. This will enable us to have Chris focus on the development of our global customer relationships and solutions – which is at the core of our strategy.”

Nordic is a multi-region cold chain provider composed of more than 70 million cubic feet of flexible, temperature controlled storage delivering dedicated solutions to the ever-changing needs of customers. Nordic specializes in end-to-end services, including import/export product handling, transportation, temperature-controlled warehousing, blast freezing, and state-of-the-art warehouse management and related technology. The Nordic network currently serves major markets in the Southeast, providing logistics solutions to manufacturers, retailers and food service operators across the region.