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Apollo Infrastructure Agrees To Invest In Primafrio To Accelerate Infrastructure Expansion, International Growth, And Sustainability Initiatives

Mar 21, 2022•over 3 years ago
Murcia

Description

The founders and current shareholders of Primafrio (the “Company”), a leading temperature-controlled infrastructure and logistics company in Europe, and Apollo (NYSE: APO) announced that they have entered into an agreement for funds (“Apollo Infrastructure”) managed by affiliates of Apollo to invest in Primafrio. Apollo Infrastructure’s investment will help to accelerate the Company’s strategic growth plans, including investment in its infrastructure network and further international expansion.

Company Information

Company

Primafrio

Location

Murcia, Región de Murcia, Spain

About

In 2021, the company posted €506m of revenue. With a fleet of over 2,300 vehicles, Primafrio operates more than 60 logistic centres across Europe. Primafrio currently operates in 25 countries, with Germany, United Kingdom, France and Iberia being its core markets. Juan Conesa and José Esteban Conesa highlighted, “Primafrio and its founding family are very satisfied to welcome Apollo Infrastructure as our long-term strategic partner. Dylan Foo, Co-Head of Global Infrastructure at Apollo, said, “Primafrio is a marquee asset and we are pleased to support its success and expansion in Europe, where we continue to grow Apollo’s infrastructure business and portfolio. About Primafrio Primafrio is an international logistics operator specialized in providing mission critical temperature-controlled logistics services such as transport, consolidation and warehousing of perishable foods, pharmaceuticals, and other high-value goods.