The world’s largest provider of temperature-controlled logistics solutions, which is based in Novi, today announced the completion of 10 acquisitions in the U.S. to build its facility network.
Lineage Logistics said its recent acquisitions come as demand for cold storage increases due to population growth, changing consumer food preferences, and increased demand for services of third-party logistics providers as the food supply chain becomes increasingly complex.
Today’s announced deals include the following acquisitions:
- Southern Cold Storage, including two locations in Alabama and Louisiana.
- Allied Frozen Storage, including eight locations in upstate New York.
- One net leased location in Utah.
- Professional Freezing Services, including two locations in Illinois.
- Iowa Cold Storage, which includes one location in Iowa.
- Western Distribution Services, including two locations in Washington.
- One location in the Port of Seattle, Wash.
- Two locations from Ryder Logistics in Illinois and Wisconsin.
- Two locations from NORPAC in Oregon.
- Three net leased locations from Investcorp in Illinois.
The acquisition of Southern Cold Storage supports Lineage’s customer growth in the southeast and enhances its service offering with its local shuttle services.
“While we have recently completed a number of international acquisitions, we remain focused on strengthening our U.S. footprint and offering our customers additional capacity and services in key markets,” says Greg Lehmkuhl, president and CEO of Lineage.
“Each of these acquisitions amplifies our existing facility network and the incredible value we are able to provide our customers. We’re also thrilled to welcome many high-caliber teams from across the country to our growing and dynamic family.”
Today’s news comes on the heels of the company’s recently announced acquisition of Ontario Refrigerated Services, which is now completed. The deal marked Lineage’s entrance into Canada and the launch of its greater North American platform.
Over the past 18 months, Lineage has completed domestic acquisitions consisting of 24 locations across core population and food production markets. All of the acquisitions have been integrated or are on track to be integrated by the end of the year.
Lineage works to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste.