Lineage Logistics announced the acquisition of Cryo-Trans, North America’s leading provider of refrigerated and insulated railcars and rail management solutions. This industry-first partnership creates a uniquely comprehensive and seamlessly integrated supply chain solution for food and beverage customers. Financial terms of the transaction were not disclosed.
New cold storage warehouse built on 20 acres; site of the former Frankford Military Arsenal site that closed in 1977.
January 5, 2021
Honor Foods, a Burris Logistics company, is in the final stage of moving its current Philadelphia operation from its North 5th Street location to a new warehouse at 5505 Tacony Street. The final day of business in its current location will be Thursday, January 7, preparing for a Monday, January 11 opening of the new warehouse. Honor Foods worked closely with the Philadelphia Industrial Development Corporation to identify a suitable site within the city, eventually choosing a 20-acre parcel sitting within the former Frankford Military Arsenal site that closed in 1977.
With the final FSMA IA rule in effect for small businesses since July and large businesses a year before that, coupled with changes to the food supply chain in response to the pandemic, risk assessment and mitigation should be a priority now more than ever. For the refrigeration and frozen food industry specifically, changes have also evolved with the implementation of the Sanitary Transportation rule.
Cold Summit Development has launched its first project in Dallas, a 343,000-square-foot multi-tenant cold storage facility (“Cold Summit Dallas”). The $60 million project is located at 2800 Cedardale Road on a 29-acre site within the South Dallas industrial submarket.
Nature Fresh Farms has expanded operations with a new Distribution Center in Laredo, Texas, with future developments planned for next year. The new 61,000 square foot Distribution Center in Laredo, Texas, provides a new major hub of fresh produce. Since the opening of the facility, they have employed over 30 team members with more positions available for hire.
The transaction marks Lineage’s entrance into the Canadian cold storage market.
July 25, 2020
Lineage Logistics, (“Lineage” or the “Company”), has signed a definitive agreement to acquire Ontario Refrigerated Services, Inc. (“ORS”), a leading family-operated cold storage company offering temperature-controlled space in the Greater Toronto market, marking Lineage’s entrance into the Canadian market. Financial terms of the transaction were not disclosed.
Construction of a new north Houston freezer storage facility, Texas Frio Cold Storage, is underway. Designed and built by Houston-based KDW, the new facility will provide 43,742 square feet of cold storage space for whole and packaged beef, pork and poultry products and 19,086 square feet of office space. The project has been master planned to double the facility’s cold storage space for future needs.
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.
The large cold storage capacity in Northern Ireland, Republic of Ireland and England, together with expertise in all commodity types and a strong transportation network, positions AGRO as a market leader providing unique value-added solutions.
The International Association of Refrigerated Warehouses (IARW), Alexandria, Va., partnered with Refrigerated & Frozen Foods to publish its annual North American Refrigerated & Frozen Foods Warehouse Guide.
Check out the January 2021 edition of Refrigerated & Frozen Foods, featuring the 2021 Refrigerated Foods Processor of the Year, Greenleaf Foods; read about the company and the plant. Also, we have alternative proteins, cold storage and COVIC-19 vaccines, new retail products, and much more!