TAMPA, FL-The Clearwater-based Meridian Development Group acquired Rilon Management, a cold storage/transportation company on July 1st for an undisclosed sum. The new venture will operate under the name Meridian Cold Storage, LLC.
“Rilon, now Meridian Cold Storage, (which was based in Orlando) stored raw food ingredients at the Meridian warehouse,” in Sarasota, says Steve Kossoff, managing director of the Meridian Development Group. Now Meridian owns their operation which includes trucking, he says. The idea of the acquisition was to vertically integrate Meridian’s business. “There is no precedent for this kind of integration,” says Kossoff.
Meridian Cold Storage will remain in the former Rilon Management location, occupying 60,000 square feet at Meridian’s one-million-square-foot bulk distribution center in Sarasota, a former Winn-Dixie distribution center, about a mile from I-75.
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