Wednesday, June 12, 2024

United States Cold Storage sells 3 temperature-controlled warehouses

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CAMDEN, N.J. — United States Cold Storage (USCS) has sold three public refrigerated warehouses in Medley, Fla.; Marshville, N.C.; and La Vista, Neb., to Vertical Cold Storage, North Sioux City, S.D., and its parent, Platform Ventures, Kansas City, Kan.

Terms of the divestiture were not released. Officials said the deal supports USCS’ strategic shift towards automation, innovation, and logistics services, while Vertical Cold Storage expands in key Midwest and Southeast markets.

“Our goal is to provide a greater level of investment in core market facilities where we can automate, create additional scale, and expand our industry-leading COLDshare. . .

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