AC Logistics Holdings (PH) acquired an 84% stake in Glacier Megafridge (PH), strengthening its cold chain platform and serving demand for temperature-controlled logistics. The acquisition closed on July 7, 2026.

AcquirerAC Logistics Holdings (PH)
TargetGlacier Megafridge (PH)
Deal valueUndisclosed
Stake acquired84%
Type of dealAcquisition
Closing dateJuly 7, 2026
Announcement dateJuly 7, 2026

The acquisition of Glacier Megafridge enhances AC Logistics' cold chain capabilities and supports its growth strategy in the Philippine logistics market. With this move, AC Logistics aims to expand its service offerings and operational reach.

Strategic Rationale

AC Logistics Holdings acquired Glacier Megafridge to bolster its cold chain platform and meet growing demand for temperature-controlled logistics services across various sectors including food, agriculture, healthcare, and pharmaceuticals. This strategic move enables AC Logistics to better serve its customer base with enhanced reliability and service quality.

Financial Context

The deal's financial details were not disclosed. However, the acquisition is part of a broader partnership between AC Logistics Holdings and A.P. Moller Capital – Emerging Markets Infrastructure Fund II, which supports AC Logistics' expansion plans.

Advisors

Financial advisors for both buy-side and sell-side as well as legal counsel were not disclosed.

Outlook

The acquisition of Glacier Megafridge is expected to drive commercial synergies and support AC Logistics' strategic pillars, including cold chain logistics, air cargo logistics, contract logistics, national distribution, and project cargo. This will enhance the company's overall service offerings and market position.