Nichirei buys Norish cold storage

UK: British multi-temperature warehousing and logistics company Norish plc is to sell its cold storage division to Nichirei Holding Holland BV in a £65.7m deal.

Norish’s cold storage division is organised through the Cold Storage Group, being its wholly-owned subsidiary Norish (NI) Ltd and that company’s wholly-owned subsidiary Norish Ltd. The division currently operates from six sites and provides in excess of 47,500 racked temperature-controlled pallet spaces.

Nichirei Holding Holland BV, is the Dutch subsidiary of Japanese company Nichirei Logistics Group. Boasting the world’s sixth-largest refrigerated storage capacity, Nichirei Logistics has been developing its cold storage logistics business in Europe since entering the Netherlands in 1988.