Cold storage facility sold

 

By Stephen Faleski, The Smithfield Times (VA)

January 11, 2022

 

A cold storage facility located less than a mile from Smithfield Foods’ meatpacking plants has been sold for $10.1 million.

 

But the sale won’t impact Smithfield’s operations in town, according to a company spokesperson.

 

Isle of Wight County’s Circuit Court recorded the sale of the facility to Michigan-based Lineage Logistics LLC on Dec. 2, listing a purchase price of $10,156,919. Prior to that date, it had been owned and operated by Carolina Cold Storage LTD.

 

The facility dates to 1987, and until December, had been operated by third-party contractors under a joint venture agreement. According to Anna Harry, communications manager for Smithfield Foods, Lineage became a joint venture partner for the facility in 2011 and now has assumed full ownership of the facility...

 

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https://www.smithfieldtimes.com/2022/01/11/cold-storage-facility-sold/