Mets Logistics gets P7-billion investment from Growtheum
PHOTO: Cold storage chain Mets Logistics Inc. will get a P7-billion investment from a Southeast Asian private equity firm to help bankroll its expansion in the Philippines, the company says on Monday, December 9, 2024. Founded in 2010, the company currently has around 100,000 pallet positions in the Philippines. Its branches are located in Cavite, Bulacan, Cebu, and Cagayan de Oro. Official website of Mets Logistics / metslogistics.com
Cold storage chain Mets Logistics Inc. will get a P7-billion investment from a Southeast Asian private equity firm to help bankroll its expansion across the country.
Eduard Tio-led Mets on Monday said Growtheum Capital Partners’ investment would likewise support its vision of addressing the “shortage of reliable and high-quality cold storage services in the country.”
“This investment will further our expansion plans and help us enhance our cold chain logistics capabilities, providing greater value to our customers and stakeholders,” said Tio, chair and president of Mets.
READ: Frabelle Group opens P755-million cold storage facility in Navotas
Founded in 2010, Mets currently has around 100,000 pallet positions in the Philippines. Its branches are located in Cavite, Bulacan, Cebu, and Cagayan de Oro.
