Growtheum Capital Partners plans to invest 7 billion pesos ($121 million) in Mets Logistics Inc., a well-known cold storage provider in the Philippines. This investment highlights the importance of the cold storage industry in improving the country's food supply security.
The funding from the Singapore-based firm will support Mets Logistics in expanding its network of facilities throughout the Philippines, solidifying its position as a key player in the sector. In addition, the founding shareholders of Mets Logistics will contribute an extra 500 million pesos to the company, further demonstrating their commitment to growth and development in this critical industry.