Vertical Cold Storage Acquires Liberty Cold Storage
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Vertical Cold Storage announced it is acquiring Liberty Cold Storage from West Liberty Foods. Terms of the transaction are not public.
Liberty Cold Storage opened its nearly 300,000-square-foot warehouse near Chicago in Bolingbrook, Ill., in 2016 to service the nearby West Liberty Foods processing facility and other regional customers.
The building features 36,000 pallet positions and 265 blast freezer positions, LED motion lighting, a 63-foot refrigerated dock and drop-trailer flexibility. The operation houses a high-pressure pasteurization machine, with plans to double capacity, for food quality/safety and shelf-life extension. There also are large rooms for USDA-inspected market preparation, code dating and labeling, as well as other processing activities, according to North Sioux City, S.D.-based Vertical Cold Storage.
West Liberty Foods, a meat processing company owned by the Iowa Turkey Growers Cooperative, will remain a major customer of the distribution center, Vertical Cold Storage noted.
Vertical develops and operates temperature-controlled distribution centers. It is sponsored by real estate asset manager Platform Venture. — Transport Topics
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