InterChange Cold Storage will create 88 new jobs and invest $41.6 million in Rockingham County, Virginia, to build a 250,000-square-foot, state-of-the-art cold storage and blast freezing facility.
The company, owned by Rockingham County-based third-party logistics provider InterChange Group, Inc., will provide cold-chain warehousing and value-added services to the region’s food and beverage industry. This facility will also offer blast freezing to the poultry industry, a service that adds value to processed and packaged fresh poultry by quickly freezing the product in specialized low-temperature freezers for preservation and improved marketability.
“InterChange is pleased to increase our cold storage capacity and deepen our investment in Rockingham County, the Shenandoah Valley, and the Commonwealth,” Devon Anders, president of InterChange Group, stated in a press release issued by Virginia Gov. Ralph Northam’s office. “Enhancing our service offerings and investing in new technology is what our customers require. The integration of advanced warehousing, renewable energy, blast freezing, repackaging, product tracking, and asset-based, multi-modal transportation provide the safe and efficient cold chain demanded by today’s consumer. We also look forward to expanding our team of associates to increase economic prosperity in the Shenandoah Valley.”
The facility will be constructed in several phases, with the company stating that the first phase has already started.
“This project creates vital infrastructure for the large and growing cluster of food and beverage industries in the Shenandoah Valley, which in turn produce major markets for Virginia farmers,” Virginia Gov. Ralph Northam said in the press release. “I am proud to support this effort that will bring new jobs and significant investment in the region, while also bolstering the manufacturing and agricultural sectors that are so important to our rural economies.”
Road improvements and new rail service to this site will connect the InterChange Cold Storage facility to area manufacturers, as well as the Port of Virginia, enhancing the potential for exporting the region’s food products overseas.
“As one of the commonwealth’s leading agricultural regions, the Shenandoah Valley will especially benefit from this new facility, which will provide an important service within the increasingly-sophisticated agricultural supply chain. I am pleased the Commonwealth could partner with Rockingham County through the AFID Program to support this important new investment,” said Virginia Secretary of Agriculture and Forestry Bettina Ring.