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Lineage Logistics Announces Acquisition of Henningsen Cold Storage, Assets from Maines Paper & Food
Lineage Logistics is expanding their reach. Just last month the refrigerated warehousing and logistics provider announced the acquisition of Henningsen Cold Storage Co., as well as assets of Maines Paper & Food Service.
In February 2019 Lineage announced the acquisition of Preferred Freezer Services, making them not only the largest refrigerated warehousing and logistics provider in North America, but globally as well. The acquisition of Henningsen Cold Storage adds 14 facilities to Lineage’s expansive U.S. network, and bolsters its leading presence in the Pacific Northwest...
ANALYSIS: Turkey Cold Storage: It’s a Matter of Perspective
COVID-19’s widespread impact on the protein market landscape has certainly tested the wits of turkey buyers and sellers...
Is America Headed Towards a Meat Shortage?
Price gouging. Panic buying. Meat shortages. These phrases have dominated recent talk about the nation’s overall meat supply as a wave of plant closures and worker absenteeism rattle the supply chain and generate logistical hurdles. Increasingly, industry participants and consumers alike are uttering the unnerving question: Is America on the cusp of a nationwide meat shortage?
There are many factors at play when assessing the current supply and demand patterns in the midst of a pandemic. Notably, a second wave of panic buying, and the subsequent run-up in wholesale values, has recently...
ANALYSIS: Heavy Birds Ground Breast Meat Values
Although the impact that COVID-19 has had on the turkey industry is continuing to develop, one of the most severe implications of the virus, so far, has been...
ANALYSIS: Pork Bellies Collapse to 1999 Levels
The last time pork bellies were trading at this level, you were probably more concerned with Y2K than what to do with excess bellies. We’re forced to turn the history books back to 1999 to see...
ANALYSIS: Heightened Buyer Urgency Contributing to Reduced Turkey Stocks
Despite the pre-occupation with COVID-19 and its impact on the global protein markets as a whole, turkey freezer stocks are providing...
ANALYSIS: Freezer Burn
In light of the recent attention being placed on China, a central focus of chicken processors and exporters has been the back half of the bird, and with good reason...
ANALYSIS: Whole Bird Stocks Bolster Processor Enthusiasm
Following last month’s release of the USDA’s Cold Storage Report which drew some skepticism from market participants, the January report sends a jolt of optimism to sellers, especially those...
ANALYSIS: Cold Storage and Pullet Placements Paint Mixed Picture
With September’s YoY chicken inventories dropping by about 4.5%, the most recent release of the USDA’s Cold Storage Report has caught the attention of market participants...
ANALYSIS: Turkey Holdings Tell a Seasonal Tale
Keeping in line with what spot market activity suggests, the latest release of the USDA’s Cold Storage Report paints a seasonal picture...
United Premium Foods Purchases Amboy Group Out of Bankruptcy
The Board of Directors of United Premium Foods (“UPF”), a private investment group based in N.J., today announced the company has purchased the Amboy Group, a provider of quality meat and food products, out of bankruptcy. In addition to UPF’s acquisition of Amboy, Amboy Woodbridge Realty, an entity affiliated with UPF, acquired the real property and cold storage business.
“The acquisitions include a state-of-the-art meat processing and cold storage facility, as well as an extremely strong and loyal customer base,” said Jim Kwon, chairman and acting CEO, UPF. “We are confident that with additional working capital, supplemental management and a new operating team, we can improve operating efficiencies while growing the company’s market share and reach. This investment is affirmation of our belief in the strong fundamentals of the business and our confidence in the upside potential of this company...
Impossible Foods Launches Direct-to-Consumer Sales and Accelerates Retail Expansion
Update: List of Current Plant Closures Due to COVID-19
Uncertainty Surrounds the Reopening of Businesses
The Trip Back to 'Normal' Slaughter Levels
Consumer Confidence Index Stabilizes in May
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