OB Streem announces the completion of the acquisition of Med Frigo Group, following the approval of the Competition Commission.
As stated in a relevant announcement, the OB Streem group, one of the leading providers of integrated supply chain solutions in Greece and Southeastern Europe, with the integration of Med Frigo Group creates a stronger business entity, with increased value, expanded capabilities and enhanced synergies for customers, partners and employees.
OB Streem, with the acquisition of Med Frigo Group, expands its footprint, consolidating its leading role in logistics in its areas of activity. The strategic move to integrate Med Frigo, which has expertise in temperature-controlled transport and logistics, creates new growth prospects for the provision of high-level services throughout the transport chain.
Mr. Alexandros Karafyllidis (photo), Chief Executive Officer of OB Streem, stated:
“The approval of the transaction by the Competition Commission and the completion of the acquisition of Med Frigo Group constitute an important 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 prospects and strong synergies in the field of temperature-controlled transport and logistics. With a shared focus on operational excellence and the provision of high-level services, we are shaping an even stronger entity, further strengthening our position as a benchmark for the logistics sector in Greece and Southeastern Europe.”
Antonis Mavridoglou Chief Executive Officer (CEO) of Med Frigo Group stated:
“For more than three decades, Med Frigo Group has grown consistently, investing in quality, specialization and long-term relationships of trust with its partners. The completion of the acquisition by OB Streem Group is a natural evolution of this course and marks a new chapter, creating significant prospects through the synergies, know-how and capabilities offered by our participation in a leading logistics group such as OB Streem.”
Who is Med Frigo
Med Frigo Group has a 34-year presence in the transport sector. It has four distribution centers in Patras, Igoumenitsa, Aspropyrgos and Thessaloniki, a modern privately owned fleet of refrigerated trucks and an extensive network of partners throughout Europe. It is among the leading European companies in the transport of aquaculture products, with high specialization in the cold supply chain, while consistently ensuring the uninterrupted supply of products to 16 countries and more than 600 destinations.
Who is OB STREEM
OB Streem is the largest end-to-end logistics partner in Greece, with a strong presence in Southeastern Europe as well. The company operates as a gateway in and out to all of Europe and the EMEA region. With 400 thousand sq.m. of warehouses, more than 2,000 employees and operations in 8 countries, OB Streem offers a comprehensive range of services.
With more than 85 strategic representation partnerships worldwide, OB Streem’s network offers access to 44 European countries, at least 600 ports and 250 airports. OB Streem’s quality and business excellence are confirmed by 25 certifications in quality, safety and business excellence.