FOR IMMEDIATE RELEASE
ATLANTA, GA, July 27, 2011 --
Nordic Cold Storage (“Nordic”), one of the nation’s largest cold storage warehouse companies, announced today that it has closed on an equity investment from the American Infrastructure MLP Funds. This investment will enable Nordic to accelerate its growth plan and expand its services to additional customers in a broader geographic area. The Company anticipates that this growth will come from investments in other cold storage operations, expansion of its existing cold chain management services and the development of new sites in the Southeast and other regions.
“As a company, we have been actively looking to grow for some time and are very excited about the opportunities and resources this investment offers,” said Nordic’s Chief Executive Officer, Don Schoenl. “Our goal is to continue to expand Nordic’s dependable operating systems and strong customer service to a broader group of customers in a wider geographic footprint. We believe that this partnership with the American Infrastructure MLP Funds will provide a variety of resources to substantially increase our growth trajectory over the coming years.”
Matt Carbone, Managing Director for the American Infrastructure MLP Funds, added, “We have been actively looking for the right investment in the cold storage sector and are delighted to have found such a strong partner as Nordic. We are tremendously excited to work with Don and his management team to build on the impressive platform they have created and look forward to providing growth capital and additional financial expertise to help Nordic continue to expand its operations and success.”
About Nordic Cold Storage
Nordic is a leading owner and operator of cold storage warehouses in the U.S. Nordic stores and distributes a variety of frozen food products for its customers. Based in Atlanta, the Company currently operates 13 facilities in Alabama, Georgia, Mississippi, North Carolina and South Carolina, serving a wide range of major food producers, distributors and other customer types. For more information, visit www.nordiccold.com.
For further Information, please contact:
Nordic Cold Storage
American Infrastructure MLP Funds