Logistics: Interstate Warehouse, PECO Pallet in the news
Interstate Warehousing Inc., Ft. Wayne, Ind., said it expects by June to complete an 80,000-square-foot addition to its Murfreesboro, Tenn., cold storage warehouse, near Nashville. The expansion -- Murfreesboro's third since 2006 -- will take the site to 242,000 square feet. A Tippmann Group company, Interstate said it also expects by June to complete a 90,000-square-foot expansion to its Hamilton, Ohio, (Cincinnati) cold storage warehouse. Interstate has eight facilities in Indianapolis and Franklin, Ind.; Cincinnati; Chicago; Nashville; Denver; Grand Rapids, Mich.; and Newport News, Va.
PECO Pallet Inc., Yonkers, N.Y., said it agreed to a purchase by The Pritzker Group, a private investment firm owned and controlled by J.B. Pritzker and Tony Pritzker. Terms were not disclosed. PECO officials said the deal "provides PECO Pallet with substantial equity capital to fund the company's continued expansion throughout the U.S., Canada, and Mexico." PECO is a North American leader in pallet rental services and uses a signature red block pallets.