Federated Co-operatives buys ColdStar Solutions
Vancouver Island trucking and warehouse provider ColdStar Solutions has been purchased by Federated Co-operatives Ltd. (FCL), the companies announced March 6.
The deal is expected to close on March 14. Victoria-based ColdStar delivers refrigerated goods to stores and supermarkets across Vancouver Island, the Gulf Islands and the Lower Mainland of B.C.
“ColdStar has been an important supply chain partner for FCL since 2017. We are pleased that the partnership has ultimately led to the acquisition of this tremendous company,” said Heather Ryan, CEO of FCL. “This acquisition demonstrates our ongoing commitment to supporting local Co-ops and optimizing our supply chain network, contributing to our overall growth strategy as an organization.”
ColdStar brings to FCL warehouse locations in Richmond, Victoria, Ladysmith, and Comox, B.C.
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