Novi’s Lineage Logistics Holdings, one of the world’s leading providers of temperature-controlled logistics solutions, has agreed to acquire Australia’s Emergent Cold. Financial terms were not disclosed.
The acquisition strengthens Lineage Logistics’ port presence in the United States, adding facilities in New Orleans, Houston, and Charleston, a newly constructed distribution center in the Dallas-Fort Worth market, and entry into the Australian, New Zealand, and Sri Lankan temperature-controlled logistics markets.
Once the transaction closes, which is expected in 2020, the combined company will feature more than 1.7 billion cubic feet of temperature-controlled capacity across 260 facilities in 10 countries, with a global footprint that will span North America, Europe, Asia, Australia, and New Zealand.
“Food producers, manufacturers, and retailers are looking for cold chain partners who can offer a dynamic and truly end-to-end temperature-controlled logistics solution, and one that can reach every corner of the world,” says Greg Lehmkuhl, president and CEO of Lineage. “Welcoming Emergent to the Lineage family not only adds significant capacity to our international footprint, but also deepens our commitment to our port strategy and international trade.
“We are better able to help customers respond to constantly shifting market dynamics, such as global network optimization, tariff impacts, consumer preference shifts, and much more, while at the same time unlocking new potential market opportunities to sell their goods.”
The transaction also includes Emergent’s network of locations supporting import, export, and customs brokerage services for its customers as well as real estate at select facility sites currently leased by Emergent under long-term lease agreements.
“Joining Lineage accelerates our goal of providing the highest quality global cold chain solutions to our customers,” says Neal Rider, Emergent’s founder and CEO. “Lineage has established itself as a leader in our industry, and expanding its global footprint and port presence with the addition of Emergent will create incredible opportunities for our collective customers.”
Since its founding in 2008, Lineage has expanded rapidly by acquiring best-in-class cold storage companies, deploying capital into new projects, and growing the business organically.