The transaction was facilitated through Bay Grove’s holding company, West Coast Cold, LLC. West Coast Cold will oversee CityIce, as well as Seafreeze Cold Storage, which Bay Grove acquired in December 2008.
CityIce is a 4.5 million cubic-foot cold storage facility located at the Port of Seattle’s Terminal 91.
This acquisition, which was financed by Chase Commercial Banking, brings CityIce and Seafreeze together under common management, making West Coast Cold the leading cold storage provider in the Seattle region.
With more than 11 million cubic feet of cold storage and expanded services, West Coast Cold is well-positioned to provide broader solutions to frozen food customers.
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