Snowman Logistics to Acquire Land, Warehouse Assets for Rs 200 Mn

18 Jun 2024 CW Team

Snowman Logistics, a prominent player in the cold chain logistics sector, has signed an agreement to acquire land and warehouse assets in Madhya Pradesh. The acquisition, valued at Rs 200 million, aims to strengthen Snowman's infrastructure and operational capabilities in the region.

The agreement includes the purchase of land and existing warehouse facilities, strategically located to enhance Snowman's service network and efficiency in catering to the growing demand for temperature-controlled logistics solutions.

The acquisition aligns with Snowman Logistics' expansion strategy to bolster its presence across key logistics hubs in India. By acquiring new assets, Snowman aims to increase its storage capacity and improve operational efficiencies, thereby better serving its clientele in sectors such as pharmaceuticals, dairy, quick service restaurants (QSR), and frozen food.

The newly acquired facilities will be integrated into Snowman's existing network, leveraging its expertise in managing cold chain logistics with stringent quality standards and regulatory compliance.

Snowman Logistics remains committed to enhancing its service offerings and geographical reach, focusing on providing reliable and efficient cold chain solutions. The acquisition of land and warehouse assets in Madhya Pradesh marks a significant milestone in Snowman's growth trajectory, reinforcing its position as a leader in the cold chain logistics industry in India.

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