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Jan, 14 2015

Snowman Logistics to acquire Bengaluru-based food start-ups

Meanwhile, the company is also planning to own 27 temperature-controlled warehouses by end of this financial year with a total capacity of 90,000 pallets.

Snowman Logistics is planning to acquire two Bengaluru-based food start-ups specialising in chopping vegetables and assembling sandwiches and burgers before sending them off to quick service restaurants (QSR), according to a report published by Economic Times.

The cold chain warehousing company is planning to expand its services in the evolving food market.

The company which got listed last year will close both the deals in next one month.

However, Snowman rejected to mention the names of the company it is going to acquire.

"These are start-up guys who are doing a decent job. They are unable to scale up because of their own limitations. Snowman can get these guys and can replicate it across the country. They have the technology and knowhow and it is easy for us to scale it up fast," said Ravi Kanan, CEO, Snowman.

Snowman has also started a processing centre at its warehouse in Hyderabad.

Snowman is known for storing and transporting ice cream, confectioneries, poultry, meat, seafood and dairy products.

"Cold chain is moving to a more integrated model. Eventually, cold chain companies will control whole of QSR's supply chain and take inventory risks. They will do procurement and transfer it to restaurants,” Kanan further added.

Meanwhile, the company is also planning to own 27 temperature-controlled warehouses by end of this financial year with a total capacity of 90,000 pallets. By the end of second quarter next financial year, it will add three more, taking its capacity to more than 100,000 pallets.

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