Cloverleaf Cold Storage (“Cloverleaf” or the “Company”), a leading cold storage warehousing and food logistics company owned by the Feiges and Kaplan families since its founding in 1952, today announced that it has entered into a definitive agreement to recapitalize the Company whereby private equity funds affiliated with Blackstone (NYSE:BX) (“Blackstone”) will make a majority equity investment into Cloverleaf alongside the existing family shareholders, who will continue to operate the business post-closing, to support future growth in the Company. Terms of the transaction were not disclosed. Continue reading
The business of cold chain logistics and warehousing is complicated and involves many more facets than most consumers can imagine given the speed with which a growing variety of perishable products must move today.
Enterprise resource planning (ER…
Americold (www.americold.com), the global leader in temperature-controlled warehousing and logistics to the food industry, announced today that Tim Hinckley has joined the company as an Executive Vice President and its Chief Commercial Officer.
In his new position, Mr. Hinckley will take responsibility for Americold’s business development—guiding Key Account and Regional Account relationship activities; Voice of the Industry and Voice of the Customer channels; Branding, Marketing and Communications; and overall customer experience. Continue reading
Lineage Logistics, LLC (“Lineage”), one of the world’s largest temperature-controlled warehousing and logistics companies, has announced a strategic partnership with BluJay Solutions (“BluJay”), formerly Kewill, the global leader in transportation management solutions. The partnership designates Lineage as the exclusive third-party logistics provider to manage customers’ food and beverage supply chains using BluJay’s Transportation Management solution, formerly LeanTMS, powered by its Global Trade Network. Continue reading