Jan 09, 2017
New Delhi: Stellar Value Chain has bought a majority stake in Kelvin Cold Chain.
The company hopes the acquisition will mark their foray in the cold chain space and build its position as an end to end value chain transformation company, reports the Economic Times.
“The investment into Kelvin augurs well for our mission of bringing about a value chain transformation for consumer businesses in India”, said Anshuman Singh, chief executive, Stellar Value Chain.
“Kelvin is a well governed and mid-sized cold chain business which complements well with our pan-India Contract Logistics and Transportation play. We will significantly augment Kelvin’s management, implement new technology tools and raise the quality of product handling in the months ahead thereby unlocking significant value for customers,” he said.