All thawed out
2024 has been an absolute standout year for Lineage. Following a highly successful IPO, they've made waves with yet another acquisition—ColdPoint Logistics, a Kansas City-based cold storage giant.
This deal marks their largest acquisition since going public, though the specifics remain undisclosed. ColdPoint’s facility boasts an impressive 621,000 square feet with over 62,000 pallet positions, seven blast cells, and an independent boxing room.
Temperature checks
Ridgewood Infrastructure, keen on expanding into essential U.S. infrastructure, has announced their investment in Valley Cold Storage & Transportation. Valley Cold specializes in temperature-controlled logistics.
Ridgewood’s managing partner, Ross Posner remarked, “This acquisition aligns with our strategy of investing in infrastructure that supports vital supply chains. Valley Cold is poised for substantial growth, and we’re excited to contribute to its potential.”
The rapid expansion in the cold storage sector suggests more acquisitions are on the horizon.
Food and Drug
Chocolate pasta might raise eyebrows, but Pastazerts is betting on its success with their chocolate ravioli desserts. This startup is currently seeking funding to scale their frozen treats.
According to an article in Food Business News, the company aims to raise between $25,000 and $30,000 to enhance manufacturing, distribution, and promotional efforts. Their unique offerings include strawberry cheesecake and peanut butter and jelly flavored ravioli.
Cold Chain Lanes
National reefer rejection rates have doubled from last year, signaling a shift in the refrigerated truckload market. With the start of Christmas tree season in Thanksgiving week, demand from regions like the Northwest has intensified.
West Coast rejection rates have soared to over 17%, and the Midwest has also seen a significant increase to about 15% from last year’s 8%. This pattern suggests more than just seasonal fluctuations in the cold chain logistics space.
Shelf Life
- Vodafone Business IoT supports the pharma supply chain
- DHL invests in Brandpath for e-commerce expansion
- Ryp Labs wins Lineage 2024 Global Food Chain Innovation Challenge
- US port strike highlights need for supply chain resiliency
- Nippon Express USA earns GDP certification
Wanna chat in the cooler? Send me your thoughts or story ideas at [email protected].
See you online,
Mary
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This article was adapted from Running on Ice: Acquisitions and Frozen Ravioli Desserts.