FCL acquires grocery wholesaler and transportation company ColdStar Solutions

Federated Co-operatives Limited (FCL) has acquired transportation, warehousing and grocery wholesaler ColdStar Solutions Inc.

B.C.-based ColdStar has been serving stores and supermarkets across Vancouver Island, the Gulf Islands and the Lower Mainland for more than 25 years.

It has warehouses in Richmond, Victoria, Ladysmith and Comox.

FCL said the purchase provides it with strategic supply chain advantages in the West Coast. 

Headquartered in Saskatoon, FCL operates 150 local Co-ops across Western Canada.

“ColdStar has been an important supply chain partner for FCL since 2017. We are pleased that the partnership has ultimately led to the acquisition of this tremendous company,” said Heather Ryan, CEO, Federated Co-operatives Limited, in a release. “This acquisition demonstrates our ongoing commitment to supporting local Co-ops and optimizing our supply chain network, contributing to our overall growth strategy as an organization.”  

ColdStar’s current team will continue to operate the company as a wholly owned subsidiary of FCL. 

The deal is expected to close March 14.