OB Streem announces the completion of its acquisition of the Med Frigo Group, following approval by the Competition Commission.
According to a related announcement, the OB Streem Group—one of the leading providers of integrated supply chain solutions in Greece and Southeast Europe—is creating a stronger business structure through the integration of the Med Frigo Group, offering increased value, expanded capabilities, and enhanced synergies for customers, partners, and employees.
With the acquisition of Med Frigo Group, OB Streem is expanding its footprint, thereby solidifying its leading role in logistics across its regions of operation. The strategic move to integrate Med Frigo, which specializes in temperature-controlled transportation and logistics, creates new growth opportunities for providing high-quality services throughout the entire transportation chain.
Mr. Alexandros Karafyllidis (photo), CEO of OB Streem, stated:
“The Competition Commission’s approval of the transaction and the completion of the acquisition of Med Frigo Group mark a significant milestone for OB Streem and our growth trajectory. The integration of Med Frigo Group into our Group further strengthens the range of solutions we provide, creating new growth opportunities and strong synergies in the temperature-controlled transportation and logistics sector. With a shared focus on operational excellence and the provision of high-quality services, we are forming an even stronger entity, further cementing our position as a benchmark for the logistics industry in Greece and Southeast Europe.”
Antonis Mavridoglou, Chief Executive Officer (CEO) of the Med Frigo Group, stated:
“For more than three decades, the Med Frigo Group has grown steadily, investing in quality, expertise, and long-term relationships built on trust with its partners. The completion of the acquisition by the OB Streem Group is a natural progression of this journey and marks a new chapter, creating significant opportunities through the synergies, expertise, and capabilities offered by our participation in a leading logistics group such as OB Streem.”
What is Med Frigo?
The Med Frigo Group has been active in the transportation sector for 34 years. It operates four distribution centers in Patras, Igoumenitsa, Aspropyrgos, and Thessaloniki, maintains a modern, company-owned fleet of refrigerated trucks, and has an extensive network of partners throughout Europe. It ranks among Europe’s leading companies in the transport of aquaculture products, with a high level of expertise in the cold supply chain, and consistently ensures an uninterrupted supply of products to 16 countries and more than 600 destinations.
What is OB STREEM?
OB Streem is the largest end-to-end logistics partner in Greece, with a strong presence in Southeast Europe as well. The company serves as a gateway to and from all of Europe and the EMEA region. With 400,000 square meters of warehouse space, more than 2,000 employees, and operations in 8 countries, OB Streem offers a comprehensive range of services.
With more than 85 strategic agency partnerships worldwide, OB Streem’s network provides access to 44 European countries, at least 600 ports, and 250 airports. OB Streem’s quality and operational excellence are attested to by 25 certifications in quality, safety, and operational excellence.