Rocktree to acquire South American river shipper Atria Group

Rocktree Logistics Group has agreed to acquire 100 per cent of a group of companies known as Atria Soluciones Logísticas, a South American port services and river transportation group.

Rocktree will acquire Atria from the Southern Cross Group, and the financial terms of the transaction were not disclosed.

In connection with the transaction and other expansion plans, Rocktree has secured private credit financing of up to $350 million from the Blue Ocean maritime investment platform managed by EnTrust Global.

Atria is one of the largest logistics companies operating on the Paraguay-Parana Waterway (PPW), South America's busiest waterway, which plays an important role in the exportation of agricultural commodities worldwide.

Atria's portfolio includes pushboats, barges, port terminals, an offshore floating crane, a shipyard and repair facility, and other key land-based assets.

"The acquisition will enable Rocktree to diversify across regions, commodities, and product offerings, achieve meaningful commercial synergies, and rapidly scale its global platform in the Americas," said Rocktree.

"Notably, the combination will allow Rocktree to unlock opportunities in the food and feed supply chain by building on Atria's leading position in the PPW market and optimising grain transport operations with Rocktree's turnkey solutions worldwide."