September 18, 2019

Lineage Logistics adds to European portfolio with two more facilities

Lineage Logistics, a provider of temperature-controlled logistics solutions, has two acquired two European facilities in an effort to expand its global presence. The facilities, located in the Netherlands and Belgium, were owned by Van Soest Coldstores, a Netherlands-based company that specializes in storage and transfer of cooled and deep-frozen food products. Terms were not disclosed.

Under the agreement, Lineage acquired Van Soest’s facilities in Venlo, Netherlands, and Rijkevorsel, Belgium, to complement the company’s existing presence in both countries. Van Soest’s facility in Gamaren, Netherlands, a joint-venture and newly formed business, was not part of the transaction.

“Part of our strategy is to grow the Lineage facility network in strategic locations to provide our customers with best-in-class solutions that meet all of their cold storage and logistics needs,” said Greg Lehmkuhl, president and CEO of Lineage Logistics. “Bringing Van Soest Coldstores into the Lineage family helps us do just that.”

The acquisition will add more than 10MM cubic feet and more than 300,000 square feet of storage capacity to Lineage’s portfolio after current expansions are completed, bringing Lineage’s total European cold storage capacity to nearly 200MM cubic feet across 23 facilities in England, Scotland, Belgium and the Netherlands.

Since the Company’s founding in 2008, Lineage has achieved sustained growth organically, through new construction and with acquisitions in the U.S. and across the globe. This transaction builds on Lineage’s multiple successful acquisitions in Europe, including Yearsley Group, the leading temperature-controlled logistics service provider and frozen food distributor in the UK, and Partner Logistics, a leading automated cold storage provider in Europe. Most recently, Lineage completed the acquisition of US-based Preferred Freezer Services, which enhanced the Company’s presence in the U.S. and provided a new market entrance for the Company in Asia. Lineage globally now has over 1.4 billion cubic feet and nearly 40 million square feet of capacity across more than 200 facilities spanning North America, Europe and Asia to support customer supply chain needs worldwide.