Cypress Cold Storage, a provider of temperature-controlled warehouse space and value-added services for the food sector, opened the company’s expanded facility in Maumelle, Arkansas. The company plans to invest $13 million and create 30 new full time jobs.
The facility now includes more than 162,000 square feet and has the capacity to store more than 18,000 pallets.
“We see a continued demand for temperature-controlled warehouse space and are excited to provide additional capacity to our customers,” said Michael McAfee, president of Cypress Cold Storage Companies. “The demand for temperature-controlled warehouse space continues to increase. This expansion will allow us to provide more capacity to our current customers while providing the opportunity to reach out to new ones.”
The company, formed in 2019, has spent the last two years completing the capital improvement, moderation, and expansion program. In addition to its expanded Maumelle facility, the company also operates a temperature-controlled warehouse in North Little Rock.
“It is a great day to celebrate the successes of growing businesses such as Cypress Cold Storage,” Secretary of Commerce Mike Preston said. “The entrepreneurial spirit is alive and well in Arkansas, and Cypress Cold Storage is an example of how one company with a vision can impact an industry. I look forward to working with the company as they embark on this expansion.”