VersaCold
Encyclopedia
VersaCold is a Vancouver
, British Columbia
based company that provides warehouse and distribution services.
and transportation services.
The company's customers include food processors, manufacturers, retailers, wholesalers, importers/exporters, and distributors from the packaged goods, meat and poultry
, fish, fruit, and vegetable sectors.
Some of their customers include: Cargill
foods, Costco
wholesale, Kellogg's, Kroger
, Nestle
, Kraft
, and more.
VersaCold is structured such that it is controlled by the VersaCold Income Fund, a limited purpose trust that generates monthly cash distributions for unitholders.
The company was acquired by Eimskip Holdings Inc. effective August 2, 2007, and delisted from the Toronto Stock Exchange
.
of VersaCold are: David DeLorenzo, W. John Dawson, Eric L. Schwitzer, H. Brent Sugden, Peter R.B. Armstrong, Samuel H. Gudewill, Joseph S. Houssian, and Thomas J. Longworth.
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...
, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
based company that provides warehouse and distribution services.
Profile
VersaCold, founded in 1946, operates 73 modern, temperature-controlled warehouses across Canada and in the US, Argentina, Australia, and New Zealand, with a combined storage capacity of close to 272 million cufts (7,702,182.4 m³). They offer custom freezing and food processing, as well as complete third party logisticsLogistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
and transportation services.
The company's customers include food processors, manufacturers, retailers, wholesalers, importers/exporters, and distributors from the packaged goods, meat and poultry
Poultry
Poultry are domesticated birds kept by humans for the purpose of producing eggs, meat, and/or feathers. These most typically are members of the superorder Galloanserae , especially the order Galliformes and the family Anatidae , commonly known as "waterfowl"...
, fish, fruit, and vegetable sectors.
Some of their customers include: Cargill
Cargill
Cargill, Incorporated is a privately held, multinational corporation based in Minnetonka, Minnesota. Founded in 1865, it is now the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank, as of 2011, number 13 on the Fortune 500,...
foods, Costco
Costco
Costco Wholesale Corporation is the largest membership warehouse club chain in the United States. it is the third largest retailer in the United States, where it originated, and the ninth largest in the world...
wholesale, Kellogg's, Kroger
Kroger
The Kroger Co. is an American supermarket chain founded by Bernard Kroger in 1883 in Cincinnati, Ohio. It reported US$ 76.7 billion in sales during fiscal year 2009. It is the country's largest grocery store chain and its second-largest grocery retailer by volume and second-place general retailer...
, Nestle
Nestlé
Nestlé S.A. is the world's largest food and nutrition company. Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri...
, Kraft
Kraft Foods
Kraft Foods Inc. is an American confectionery, food and beverage conglomerate. It markets many brands in more than 170 countries. 12 of its brands annually earn more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oscar Mayer, Philadelphia, Trident, Tang...
, and more.
VersaCold is structured such that it is controlled by the VersaCold Income Fund, a limited purpose trust that generates monthly cash distributions for unitholders.
The company was acquired by Eimskip Holdings Inc. effective August 2, 2007, and delisted from the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
.
Corporate governance
Current members of the board of directorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of VersaCold are: David DeLorenzo, W. John Dawson, Eric L. Schwitzer, H. Brent Sugden, Peter R.B. Armstrong, Samuel H. Gudewill, Joseph S. Houssian, and Thomas J. Longworth.
See also
- WarehouseWarehouseA warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns. They usually have loading docks to load and unload...
- Distribution (business)Distribution (business)Product distribution is one of the four elements of the marketing mix. An organization or set of organizations involved in the process of making a product or service available for use or consumption by a consumer or business user.The other three parts of the marketing mix are product, pricing,...
- LogisticsLogisticsLogistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
- FoodFoodFood is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals...
- Grocery