Novi-based Lineage Logistics, the world’s largest temperature-controlled warehousing and logistics company, announced today that it has closed its acquisition of Emergent Cold after first announcing the move Nov.18, 2019.
With the acquisition Lineage expands to more than 300 facilities in 12 countries, with over 1.9 billion cubic feet and 53 million square feet of storage capacity.
As part of the transaction, Lineage gains newly built distribution centers in the Dallas-Fort Worth and Piura, Peru markets as well as New Orleans Cold storages and its facilities in the Ports of New Orleans, Houston, and Charleston.
“Welcoming Emergent Cold and New Orleans Cold Storage to the Lineage family provides a dramatically expanded footprint of facilities in the Asia-Pacific region and further connects our customers’ global supply chains through one network as a result,” said Mike McClendon, president of international operations and executive vice president of network optimization for Lineage Logistics.
“With many of the acquired facilities located in key domestic and international ports, we are better positioned than ever to more efficiently serve our customers in nearly every corner of the world.”
The deal follows Lineage’s recent acquisitions of Maines Paper & Food Service, which adds major U.S. restaurant brands to the Lineage network, and Henningsen Cold Storage Co., which provides customers with options in the Pacific Northwest and adds new service locations in Idaho, North Dakota, and Oklahoma.
“We continue to be laser focused on strategically and intentionally growing the business to provide the most expansive and innovative logistics services in the world,” says Kevin Marchetti, co-founder and managing partner of Bay Grove, the principal investment firm backing Lineage. “The close of this transaction is an important step in building our Asia-Pacific platform and unlocking new doors for Lineage’s customers.”