Vertical Cold Storage, a developer and operator of temperature controlled distribution centers sponsored by real estate private equity firm Platform Ventures, has named West Hutchison president and CEO. Hutchison brings 25 years of experience growing temperature-controlled businesses internationally and at both of the world’s largest cold storage companies. He assumed his new role on September 12, 2022.
The cold storage industry is rapidly expanding to meet both the changing tastes of consumers and increasing global demand for temperature-controlled products. Greater expectations for quality, increased regulatory complexity, and an emphasis on nutrition and sustainability are also positively impacting the sector. This has resulted in a cold storage industry that posted global sales of more than $120 billion in 2021 and is projected to double in size by 2030.