Nordic Cold Chain Solutions Acquires Minus Works Inc.

Ranpak Holdings Corp Acquires Recycold Cool Solutions BV

December 8, 2021

Packaging

Ranpak Holdings Corp (Ranpak) has acquired Recycold Cool Solutions BV, a Netherlands-based manufacturer of sustainable, plant-based gel cool packs. The acquisition expands Ranpak's cold chain product portfolio by integrating Recycold's cool packs into Ranpak's paper-based thermal protection solutions to provide a single-source, more sustainable cold chain offering.

Cold Chain Technologies Acquires Global Cold Chain Solutions

March 5, 2025

Manufacturing

Cold Chain Technologies (CCT) has acquired Global Cold Chain Solutions (GCCS), a provider of passive thermal packaging and related services with manufacturing sites across Australia and India; terms were not disclosed. The acquisition expands CCT's Asia Pacific presence and manufacturing capabilities in support of life sciences and pharmaceutical customers and is CCT's fifth add-on since partnering with Aurora Capital Partners.

Ronin Equity Partners Acquires QBD and Minus Forty to Create Refrigerated Display Platform

September 7, 2021

Manufacturing

Ronin Equity Partners has acquired two Greater Toronto–area manufacturers of commercial refrigeration equipment, QBD and Minus Forty, in a $230 million transaction. Ronin will merge the businesses as a platform for buy-and-build consolidation in the fragmented refrigerated display market, with several institutional and family-office co-investors participating.

Lineage, Inc. Acquires Permanor AS to Expand Nordic Cold-Storage Footprint

May 6, 2025

Logistics & Distribution

Lineage, Inc. (NASDAQ: LINE) has completed the acquisition of Permanor AS, a Norway-based cold storage and logistics provider, including operations and properties in Haugesund and Brumunddal. The deal expands Lineage's Nordic presence, adding over 10,000 square meters of facility space (approximately 24,500 pallet positions) and strengthens its food-supply-chain capabilities and sustainability profile.

Cold Chain Technologies Acquires Packaging Technology Group (PTG)

March 21, 2022

Manufacturing

Cold Chain Technologies (a portfolio company of Aurora Capital Partners) has acquired Packaging Technology Group (PTG), a Fall River, Massachusetts-based provider of sustainable, curbside-recyclable thermal packaging for the life sciences industry. The add-on strengthens CCT's sustainable thermal packaging portfolio and expands its capabilities and product offering for biopharmaceutical customers; terms were not disclosed.

Kensington Capital Partners Invests in Minus Global

March 8, 2022

Environmental Services

Kensington Capital Partners completed a CAD 4.5 million strategic growth investment in Toronto-based Minus Global to accelerate deployment of its ORCA Digester food-waste recycling technology. The investment will help Minus Global expand its market reach in Canada; Tom Kennedy of Kensington joined Minus Global’s board as part of the transaction.