Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers sponsored by real estate investment firm Platform Ventures, recently entered into an agreement to purchase MWCold, which operates more than 545,000 sq. ft. of warehouse space at two facilities in central Indiana.
“We are excited to be partnering with Tim Siddiq and the MWCold team,” West Hutchison, president and CEO of Vertical Cold Storage, said in a news release. “MWCold is a fourth-generation, family-owned business infused with the spirit of entrepreneurship and a value system committed to serving their employees, customers, and community.
“We are committed to honoring the family legacy and taking MWCold to the next level.”
The MWCold Indianapolis warehouse is a 390,000-sq.-ft., multi-modal facility with 33,000 pallet positions and 46 dock doors. It is dual rail-served by CSX and Norfolk Southern, and features blast freezing, export services, and quick thaw.
The MWCold Pendleton facility is northeast of Indianapolis and can handle a variety of temperature zones, including minus 20 F for ice cream and other frozen products. It spans 159,000 sq. ft., with 19,600 pallet positions and 15 dock doors.