Twinlode Automation, an integrator of warehouse automation and storage systems, announced it has become an official member of the International Association of Refrigerated Warehouses (IARW). Twinlode Automation has long held expertise in the movement of time-sensitive food and produce items as they are moved from field to store shelves, and the decision to join the IARW underscores that commitment and better positions the company for being more deeply involved in the industry.
However, challenges stemming from the specialized nature of the sector will continue to restrain additional growth in transaction volume.
December 11, 2019
Investors increasingly are warming up to the U.S. cold storage warehousing sector, pushing cap rates for class A facilities closer to those of traditional high-quality warehouses, according to a new report from CBRE, Los Angeles.
These accretive acquisitions enhance the company’s position as a leading global owner and operator of temperature-controlled infrastructure.
November 22, 2019
Americold Realty Trust, Atlanta, entered into a definitive agreement to acquire Nova Cold Logistics, Canada, for CAD $337 million from Brookfield Business Partners L.P., Canada.
Results from recent energy performance data analysis for the site indicate that the Azanefreezer 2.0’s annual energy usage is one-third of that of UK’s “best practice” guidelines.
November 21, 2019
Star Refrigeration, the UK-based parent company of Azane Inc., Missoula, Mont., completed the manufacture and install of a new cold store facility for Lineage Logistics, Novi, Mich., at its new Great Haddon, UK, site.
As a dedicated facility, USCS Turlock North will receive, store and ship Blue Diamond ingredients designated for its own finished products as well as industrial finished goods.
November 21, 2019
United States Cold Storage (USCS), Camden, N.J., opened the doors to its second refrigerated warehouse in Turlock, Calif.
The joint venture will develop a 400,000-square-foot refrigerated and cold storage distribution center.
October 21, 2019
Yukon Venture Partners, LLC, Austin, Texas, and Saxum Real Estate, Summit, N.J., announced a joint venture to construct a new cold storage facility in Burleson, Texas.