NewCold Lebanon Facility Expansion

Deal value: $300,000,000

Expansion of NewCold’s Lebanon, Indiana automated cold storage facility, doubling capacity to over 200,000 pallet positions with advanced automation and energy-efficient systems.

The core investment motivation is to strengthen the resilience and efficiency of the food supply chain by expanding automated cold storage capacity in a strategic Midwest logistics hub. The timing is driven by rising demand for temperature-controlled warehousing, supply chain disruptions, and the need for sustainable, scalable solutions. NewCold aims to support customer growth, leverage advanced automation, and capitalize on Indiana’s favorable business climate.