Lineage Logistics, a temperature-controlled logistics company based in Novi, today announced a definitive agreement to acquire Henningsen Cold Storage Co., an Oregon-based refrigerated warehouse company. Financial terms of the transactions were not disclosed.
Lineage gains 14 facilities across six states through the acquisition. The deal expands the company’s network in the Pacific Northwest. It already has a presence in Oregon, Washington, and Pennsylvania, and the acquisition marks its entrance into Idaho, North Dakota, and Oklahoma.
“We are honored to welcome the Henningsen team to the Lineage family and to serve our combined customer bases across additional points in their food supply chains,” says Greg Lehmkul, president and CEO of Lineage. “Our organizations share a commitment to excellence, doing business with integrity, and finding sustainable ways to run our businesses, and I look forward to seeing how our strong operational and cultural foundations will propel us into the future.”
The transaction is expected to close in the coming months. Pending the closing and the previously announced acquisition of New York-based foodservice distributor Maines Paper and Food Service Inc., Lineage will feature more than 1.9 billion cubic feet of temperature-controlled capacity across 311 facilities in 11 countries spanning North America, Europe, Asia, Australia, and New Zealand.
“On behalf of the entire Henningsen family, we are thrilled to be joining Lineage,” says Paul Henningsen, president of Henningsen. “We chose Lineage because we believe it will be the best way to strengthen our partnerships with customers by providing access to an unrivaled international facility network, extensive technology, and automation resources as well as a robust suite of supply chain solutions.”
Lineage serves customers ranging from Fortune 500 companies to small family-owned businesses.
The acquisition of Maines, Lineage’s most recent, was announced last week. Maines encompasses a network across seven states and serves more than 2,500 restaurants.
In March, Lineage committed to donate $5 million and launched a Share A Meal campaign in response to COVID-19. The campaign will help provide 100 million meals to people in need during the pandemic.
Lineage expanded to the Asia-Pacific market in November when it acquired Emergent Cold, a temperature-controlled storage network in Australia.