Port of Seattle cold storage firm sold
Seafreeze Cold Storage, the largest public refrigerated warehouse firm at the Port of Seattle, has been sold to Bay Grove Capital LLC for an undisclosed price.
Seattle-based Seafreeze, with 2007 annual revenue of more than $37 million, is a subsidiary of Japanese food producer Toyo Suisan Kasha Ltd.
Bay Grove Capital is a private equity investment firm based in San Francisco.
The 31-year-old Seafreeze offers 7 million cubic feet of cold storage at its 300,000-square-foot warehouse at the port's Terminal 115, including three on-site food-processing facilities. The firm services the seafood, meat and baked good industries.
| Seafreeze facility at the Port of Seattle. Photo: Microsoft Live Earth. |