Logistics: Cloverleaf, StarTrak, SubZero in the news
The Chillicothe (Mo.)Constitution-Tribune said Cloverleaf Cold Storage, Sioux City, Iowa, completed a 54,000-square-foot addition at its Chillicothe, Mo., cold storage complex. Officials said now the larger 315,000-square-foot operation has 9,000 more pallet positions of convertible temperature storage. The project also included another 13,000 square feet of production space for Farmer's Produce, a Cloverleaf affiliate specializing in custom meat fabrication, packing and tempering. Cloverleaf Cold Storage has more than 60 million cubic feet of refrigerated space in 14 facilities in the north central, midwest, and southeast.
Alanco Technologies, Inc., Scottsdale, Ariz. said it agreed to sell StarTrak Systems, LLC, a refrigerated transportation tracking technology supplier, to ORBCOMM Inc., Fort Lee, N.J. Officials valued the deal at approximately $19.7 million and expect to close the transaction during the second quarter of 2011.
StarTrak Systems is leading provider of tracking, monitoring and control services to the refrigerated or “Reefer” segment of the transportation marketplace. ORBCOMM is a leading global satellite data communications company, focused on machine-to-machine communications.
SubZero Constructors Inc., Rancho Santa Margarita, Calif., said it promoted Eric Dahl to partner. Officials said Dahl has 23 years experience in the cold storage industry and previously served as a partner to an insulated panel manufacturer. SubZero specializes in design/build refrigeration and thermal construction services for the cold storage and food processing industries.