Vertical Cold Storage Buys Liberty Cold Storage
November 1, 2021
Cold Storage, a developer and operator of temperature controlled
distribution centers sponsored by real estate asset manager Platform
Ventures, is acquiring Liberty Cold Storage from West Liberty Foods.
The terms of the transaction are not public.
“Liberty Cold is the perfect first acquisition for Vertical Cold because
of its location near Chicago with intermodal access and the ability to
distribute to 85% of the country's population within two days, the
talented staff and the quality modern facility that was built to the
latest standards. We are open for business and are looking forward to
serving existing and new customers,” said Curt Mastbergen, president of
Vertical Cold Storage.
On Vertical Cold’s expansion strategy, Mastbergen added, “We will grow
by greenfield development and acquisition, drawing on our key
competitive differentiators, including the highest standards of service,
win-win collaboration with customers, a fully integrated technology
stack that turns data into decision quality information and automation
Liberty Cold Storage opened its nearly 300,000 sq. ft. warehouse near
Chicago in Bolingbrook, Illinois in 2016 to service both 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 are also large rooms for USDA inspected
market preparation, code dating and labeling, as well as other
Liberty Foods, a meat processing company owned by the Iowa Turkey
Growers Cooperative, will remain a major customer of the distribution
center. “This is an opportunity for us to focus on our core strengths of
manufacturing, packaging and supporting our retail and foodservice
clients, while working with a quality organization that has decades of
experience and broad expertise in the cold supply chain. Vertical Cold’s
focus on customer service is a key reason why we decided to partner with
them,” said Brandon Achen, president of West Liberty Foods.
Vertical Cold Storage, which is establishing a network of cold storages
around the United States, will bring in best practices from the
collective experience of its leadership to make the Liberty Cold Storage
operation even better by leveraging technology and automation for more
consistent customer service.
“The goal for Vertical Cold is to build out a national footprint, and
this acquisition bolsters that effort and creates a strong foundation
for future growth. We are committed to sponsoring both transactions like
this and new developments to reach that goal,” said Ryan Anderson,
co-president & co-founder of Platform Ventures.