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The assets include inventory, equipment, a sublease for a portion of a manufacturing facility in Yuma, Arizona, and a lease for a warehouse facility in San Luis, Arizona.
Headquartered in Vaughan, Ontario, VersaCold is a cold chain leader that runs 24 temperature-controlled facilities comprising 114 million cubic feet of storage.
The company says the move will ensure it remains true to its core values while continuing to grow and innovate for the greater long-term benefit of its employees, customers, and partners.
With the acquisition, EVAPCO’s Refrigeration Division strengthens its chiefly ammonia-based industrial technology offerings through immediate expansion into – and synergy with – LMP’s CO2 expertise and product offerings.
Logix has been serving the industrial refrigeration market with innovative controls providing solutions for wineries, cold storage warehouses, distribution centers, and processing plants.
The largest vertical farming company in the U.S. has acquired Traptic, a company utilizing computer vision, robotic arms and artificial intelligence (AI), to harvest fruiting, vine and other delicate crops.