Oaktree-backed AGRO Merchants Group completed the acquisition of Cool Pak Systems.

AGRO Merchants Group, a global leader in cold storage and logistics solutions, completed the acquisition of Cool Pak Solutions, a provider of storage and repacking services based in the Port of Long Beach, California. Financial terms were not disclosed. "Trade inflows of fresh fruits and vegetables have consistently grown over time and today represent a significant percentage of overall produce sales in the US AGRO plays a vital role in this supply chain and we continue to expand our service capabilities through both internal capital investment and strategic acquisitions. At the same time, we’ve long sought a presence in Southern California, which represents a key produce import market. AGRO has closely followed Cool Pak’s progress since its founding and I’m thrilled that we were able to complete this important transaction," Dave Moore, AGRO Merchants North America President.