We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • Parcel Forum 2022
    • MODEX 2022
    • Upload Your Video
Home » Cold chain newcomer Vertical Cold Storage adds three more DCs

Cold chain newcomer Vertical Cold Storage adds three more DCs

Venture-backed upstart buys sites in Florida, Nebraska, and North Carolina from United States Cold Storage.

vertical medley Screen Shot 2022-05-03 at 4.26.55 PM.png
May 3, 2022
Ben Ames
No Comments

Temperature-controlled distribution center newcomer Vertical Cold Storage will continue to expand its network by acquiring three more refrigerated warehouses, the venture-backed firm said Monday.

South Dakota-based Vertical Cold Storage, which is funded by the Kansas City-based real estate investment firm Platform Ventures, acquired the units from United States Cold Storage. Based in Camden, New Jersey, US Cold Storage is North America’s third-largest provider of public refrigerated warehousing (PRW) logistics services, with 40 facilities in 13 states.

In comparison, two-year-old Vertical Cold is a much smaller company that runs just five facilities, following its January acquisition of a warehouse in Texas to follow its original site in Chicago.

Officials at the two companies said the deal supports Vertical Cold Storage’s expansion in the Midwest and Southeast markets, while US Cold Service follows a strategic shift towards automation, innovation, and logistics services.

Terms of the transaction were not released, but the three sites in the deal are:

  • a Medley, Florida facility with 6.7 million cubic feet and 29 dock doors
  • a La Vista, Nebraska facility with 3 million cubic feet and 31 dock doors, and
  • a Marshville, North Carolina facility with 2.3 million cubic feet and 16 dock doors.

“These acquisitions give us a strong foothold in some of the fastest-growing yet underserved regions of the country and support our rapidly expanding protein business, including meat, poultry and seafood,” Curt Mastbergen, president of Vertical Cold Storage, said in a release. “As public facilities, we plan to build the customer base at each location by introducing new technology, automation and best practices designed to dramatically improve customer performance. The purchase also complements our greenfield development efforts.”

Meanwhile, US Cold Storage intends to invest the new funds in to expand scale and automation, company president & CEO Larry Alderfer said in a release. “United States Cold Storage is excited to reinvest all these proceeds and we have recently announced the further expansion of our Tulare, CA, facility and the purchase of an additional 39 acres in Turlock, CA, for future expansion,” Alderfer said. “We are also well into planning stages for automated expansions in our Midwest, Northeast and Texas markets.”

Warehousing 3PL
KEYWORDS Unites States Cold Storage Vertical Cold Storage
  • Related Articles

    Vertical Cold Storage acquires Lone Star Cold Storage facility near Dallas

    Investor-backed Vertical Cold Storage makes first acquisition

    VERTICAL COLD STORAGE SELECTS INDUSTRY VETERAN WEST HUTCHISON TO LEAD ITS CONTINUED GROWTH

Benames
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.

Recent Articles by Ben Ames

Industry calls on Congress to deliver bipartisan supply chain legislation

Energy prices to stay high in the near term, SGS Maine Pointe says

OSHA charges Amazon with unsafe work conditions at three warehouses

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Schneider welcomes first battery-electric truck

  • Fred Smith is not worried about Amazon

  • RJW LOGISTICS GROUP EXPANDS RETAIL LOGISTICS OPERATION TO DALLAS

  • Outlook 2023: What’s in store for logistics/supply chain?

  • Ports, maritime operators see tide turning as ocean freight tsunami subsides

Now Playing on DCV-TV

5afe63a5 7125 4318 b851 1e5738df1c91

Patterson Fan Co. | HVLS V-Series Ceiling Fan | Staging Area Air Movement

DCV-TV 4: Viewer Contributed
The Patterson V-Series is a high-volume, low-speed industrial ceiling fan that is designed to circulate a lot of air at a very low speed. These fans, ranging in diameters of 8’ all the way to 24’, are perfect for large, open spaces such as staging and shipping areas. One 24’ fan can generate a cooling effect of 6 –...

FEATURED WHITE PAPERS

  • The five best applications for robotic lift trucks in warehouse environments

  • Fulfillment Facility Improved Efficiencies by 4x

  • 3PLs: Complete Orders Faster with Flexible Automation

  • Reusable Packaging for the New Wave of Supply Chain Automation

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing