Lineage Logistics in Novi, a leading global temperature-controlled industrial REIT and logistics solutions provider, today announced it has completed its acquisition of Kloosterboer Group, a Netherlands-based, family-owned cold storage company with a global footprint.
Under the completed deal, the companies will create an enhanced facility network in key European markets with a focus on sustainability and innovation within the temperature-controlled supply chain.
Kloosterboer has 900 employees and 11 strategically located facilities in the Netherlands, France, Germany, Canada, and South Africa, and its real estate portfolio totals 6.4 million cubic metres of capacity and 790,000 pallet positions, with a commercial focus on port-based activities and highly automated warehouse solutions.
Kloosterboer also provides value-added services like freight forwarding, customs brokerage, juice blending, container handling, and intermodal transport.
“We welcome the Kloosterboer team to the One Lineage family and are thrilled to unite with an organization that has a nearly 100-year history of being entrepreneurial and customer centric,” says Harld Peters, senior vice president for Europe at Lineage. “We look forward to integrating their state-of-the-art facilities and diverse services so we can better serve our customers in Europe and around the world. It’s also clear that we have cultural alignment with a shared focus on leading the industry in sustainability and innovation.”
Both companies are known as leaders in developing and operating the industry’s most sophisticated fully automated temperature-controlled warehouses — the buildings are capable of handling large quantities of product with an exceptional level of accuracy while using fewer resources, particularly electricity.
Combining capabilities in automation with Lineage’s applied sciences knowhow will lead to new innovations in warehouse design that should yield even greater efficiencies in the supply chain, creating value and further reducing the environmental footprint for customers.
Lineage’s company’s European operations are headquartered in Amsterdam, The Netherlands, with a network spanning Belgium, Denmark, Norway, Poland, Spain, and UK. With Kloosterboer, Lineage will add locations in France, Germany, and South Africa, and Kloosterboer facilities on the east coast of Canada will complement Lineage’s existing operations in Montreal and Ontario.
Nielen Schuman acted as financial advisor to the Kloosterboer family and De Brauw Blackstone Westbroek served as its legal counsel. Rabobank and Morgan Stanley acted as Lineage’s financial advisor and Latham & Watkins and NautaDutilh served as its legal counsel.
Lineage Logistics has a global network of over 375 facilities totaling more than 2 billion cubic feet of capacity. The company’s facilities span 18 countries across North America, Europe, and Asia-Pacific.