Pros
It's a youthful environment that allows you to make friends with other recent graduates. There's catered food during busy season and some "morale" activities throughout the year.
Cons
Bottom line up front, accept the internship if it's your only option and then leave asap (don't even apply here for a full-time permanent position). Pay is incredibly low but it seems justified because a monkey could do half the tasks employees on both sides of the company are responsible for. Leadership will either micromanage you to death or will provide no guidance; there's no in between. There's a noticeable gap in work ethic and benefits (official and unwritten) between the two sides of the company that never seems to be addressed. Skills aren't super transferable to other companies since the work done is pretty surface level when it comes to procurement. Most employees look to leave after 6 months and those that stay for more than a few years are typically ok with being complacent.