Provender Partners and Cerberus to form a joint venture.

Private equity firms, Provender Partners and Cerberus Capital Management, agreed to form a joint venture to focus on building a multibillion-dollar portfolio of cold storage processing facilities in the United States, while bringing vital supply chain solutions to market. Financial terms were not disclosed. "We’re excited to partner with Cerberus and leverage their expertise and financial horsepower to further drive our market-leading position. Beyond expanding our portfolio, the partnership will broaden our ability to help farmers and distributers as global conditions continue to impact the food supply chain. As processors and warehousers seek efficiency and geographic diversity, we look forward to delivering innovative, quality food supply chain solutions," Neil A. Johnson, Provender Founder and CEO.