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Nordic Cold Chain Solutions completes acquisition of Minus Works Inc. and expands facilities to integrate sustainable cold chain technology

Oct 01, 2024about 1 year ago

Acquiring Company

Nordic Cold Chain Solutions

Acquired Company

Minus Works

HatfieldIslandiaSupply Chain ManagementManufacturingOil And Gas

Description

Nordic Cold Chain Solutions has successfully acquired Minus Works Inc., a US-based manufacturing company specializing in sustainable cold chain products. As part of the acquisition, Nordic is building a new, next-generation manufacturing facility in Pottstown, Pennsylvania, expanding operations in Reno, Nevada, and assuming control of the Minus Works facility in Long Island, New York. These developments will scale the innovative Minus Works technology and further enhance Nordic’s ability to provide sustainable cold chain solutions nationwide.

Company Information

Company

Nordic Cold Chain Solutions

Location

Hatfield, Pennsylvania, United States

About

Nordic Cold Chain Solutions is a leading provider of temperature-controlled packaging solutions, offering a comprehensive range of products and services to clients in the cold chain industry. Known for its commitment to innovation and customer satisfaction, Nordic continues to set the standard for excellence in the industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed