APM Terminals buys Fratelli Orsero's Vado reefer terminal

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APM Terminals is set to enter the Italian conventional reefer market after agreeing to acquire 100% of Reefer Terminal, at the Italian port of Vado. The deal was finalised earlier this week with the terminal’s Italian owner GF Group, part of the fruit produce and distribution group Fratelli Orsero.

The acquisition price remained undisclosed, but an APMT spokesman told The Coolstar that the Vado Reefer terminal will be fully integrated into the box facility it has under development at the port.

“We ...