Manufacturing Industry
P&O beefed up its cold logistics business. (Briefs).(P and O Cold Storage USA)(ProLogis)( Atlas Cold Storage USA )(Brief Article)
Purchasing, November, 2002
P&O beefed up its cold logistics business by acquiring the temperature-controlled logistics operations of ProLogis for $70 million, as ProLogis sold off all of its U.S. refrigeration businesses for debt repayment. As part of the all-cash deal, P&O Cold Logistics and bid partner Atlas Cold Storage USA will acquire eight cold storage facilities in California and two in Texas, making POCL the fourth largest U.S.based refrigerated warehouse operator.
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