Maumelle, AR — Cypress Cold Storage, a provider of temperature-controlled warehouse space and value-added services for the food sector, today announced the grand opening of the company’s expanded facility in Maumelle. Cypress Cold Storage invested over $13 million in the expansion. The facility now includes more than 162,000 square feet – or 6.4 million cubic feet – and has the capacity to store more than 18,000 pallets. As part of the expansion, Cypress Cold Storage also announced that it has increased its workforce at the Maumelle facility by 30 new fulltime employees.
“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.”
Arkansas Secretary of Commerce Mike Preston, Maumelle Mayor Caleb Norris, and other local officials joined Cypress Cold Storage executives for the announcement.
“It is a great day to celebrate the successes of growing businesses such as Cypress Cold Storage,” Secretary 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.”
Cypress Cold Storage was formed in 2019. The company 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.
“We are extremely pleased that Cypress Cold Storage is in a position to expand and invest in their existing facility in Maumelle and for the additional jobs that the expansion creates,” Mayor Norris said. “Supporting our existing industries continues to be a priority, and we are thankful for the collaboration between Cypress Cold Storage, AEDC, Pulaski County, and the City of Maumelle for this expansion.”
About the Arkansas Economic Development Commission
The Arkansas Economic Development Commission (AEDC), a division of the Arkansas Department of Commerce, seeks to create economic opportunity by attracting higher-paying jobs, expanding and diversifying local economies in the state, increasing incomes and investment, and generating growth throughout The Natural State. Arkansas is a pro-business environment operating leaner, faster and more focused through a streamlined state government designed to act on corporate interests quickly and decisively. For more information, visit www.ArkansasEDC.com. The Arkansas Department of Commerce is the umbrella department for workforce and economic development drivers. Its divisions and regulatory boards include Division of Aeronautics, Waterways Commission, Wine Producers Council, Division of Workforce Services, Office of Skills Development, State Bank Department, Insurance Department, Securities Department, Economic Development Commission and Development Finance Authority. It was established July 2019 as part of Governor Asa Hutchinson’s wide-sweeping efficiency and transformation efforts to reduce 42 cabinet agencies to 15 while maintaining services for all Arkansans.
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