Denton-based Forte Frozen has been acquired by RealCold, the Florida-headquartered cold storage provider announced Monday.
Forte is a leader in national temperature-controlled warehousing and fulfillment services. Financial terms of the deal weren’t disclosed.
“We’re thrilled to welcome the talented Forte team to RealCold. We sought to acquire an enterprise that had an incredibly skilled workforce, a reputation that embraced exacting measurements of execution, and which embodied customer-centric values,” RealCold CEO Keith Goldsmith said in a statement. “In acquiring Forte Frozen, we will further our mission to deliver the highest service levels in the sector, expand our coverage area to reflect locales where our customers need to be, and scale best-in-class processes.”
The transaction, which closed Monday, gives RealCold five currently operational, high-throughput facilities in strategic markets including Dallas; Ormond Beach, Florida; Clearfield, Utah; Clackamas, Oregon; and Colton, California.
“RealCold and Forte Frozen have a shared vision of what cold storage can look like in the future. It’s one in which value-added services like DTC play a critical role in the supply chain,” Forte Frozen CEO Dan Forte said in a statement. “We’re excited that this transaction will allow us to execute this vision on a grand scale, as it provides resilience, innovation, and robust demonstrability, all grounded in an uncompromising customer-centric mindset.”
RealCold said that the announcement follows its October announcement that the company acquired land in Lakeland, Florida and Lockhart, Texas for the construction of 376,000 and 310,000 square-foot cold storage facilities, respectively.
Both projects have broken ground and are scheduled to be operational in the first quarter of 2025.
In addition to the facilities in Texas, Florida, Utah, Oregon, and California, RealCold said it will leverage Forte’s best-in-class operating platform, which is composed of traditional cold storage and transportation services, as well as industry-leading, high touch, fulfillment activities including direct-to-consumer (DTC).
Forte’s team members are now employees of RealCold.
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