Mulberry will soon have a 70,000-square-foot extremely cold spot that will create 25 to 30 jobs.
Compass Cold is collaborating with Melbourne, Florida-based Ti Cold to build the 70,000 square foot cold storage warehouse in the Arkansas city.
A ground-breaking for the $24 million facility is set for 11am on Wednesday, April 20. The facility should be finalized by January 2023.
Doug Bowen and Darren Winstead, who graduated from Alma High School in 2001 and have known each other since fifth grade, are active owners of Compass Cold.
They own 189 acres near the Interstate 40 exit in Mulberry through their D&D Capital Investments firm.
The Cold Compass plant is being constructed on 15 acres of that land.
Food distributors, retailers, and food manufacturers in central and northwest Arkansas can also use the facility for storage.
A statement from the company said: “The advanced cold storage complex will feature a flexible, adaptable design that is able to uphold temperatures ranging from 40°F to -20°F. Structural steel pallet racks will accommodate over 8,500 pallet positions.”
“This includes QFM In-Rack Freezing System which cartels blast freezing technology and pallet racking. QFM freezes pallets up to four times faster than outmoded blast freezers with the capacity to decrease energy consumption by as much as 50%.”
The Compass Cold warehouse also will offer third-party logistics (3PL), which means they can “pick, pack and ship the client’s products directly from the facility.
They say the warehouse will be one piece of a larger storage and logistics complex on the site in Mulberry.
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Bowen said: “We’re not stopping here. It’s like the Kevin Costner thing, where if you build it they will come.”
The expansion includes Doug’s Produce fleet which they say will grow to 75 trucks with 92 refrigerated trailers by the end of 2022. That will result in more jobs with drivers and support staff.
Bowen and Winstead said the food sector is still trying to find its balance from COVID-19 pandemic-induced supply chain disruptions that saw shortages with many food products.
Bowen said he believes some companies will ultimately use more warehousing rather than depend entirely on just-in-time systems, but most of their consumers are now working to just get the supply chain back to normal.
Source: Talk Business & Politics