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Wednesday, May 22, 2024

Aquisition creates a global leader in automated cold storage warehousing


Lineage Logistics, one of the world’s largest temperature-controlled warehousing and logistics companies, has acquired Partner Logistics, Europe’s leading cold storage provider and world’s largest automated cold storage company. The transaction marks the first international acquisition by Lineage, an organisation backed by investment firm Bay Grove, and represents significant growth in the company’s warehouse automation strategy. Financial terms of the deal were not disclosed. Duco Buijze, CEO of Partner Logistics said the acquisition would enable Partner to expand its service offerings. Lineage specialises in supply chain transformation for leading food, retail and distribution brands. Operating one of North America’s largest and most diverse warehouse networks, Lineage creates high-impact logistics solutions through value-added services including managed transportation, customs brokerage, processing and manufacturing. The company has grown through major acquisitions and new construction since its founding in 2008, with its domestic US facility footprint reaching over 100 locations and 17 million cubic metres of temperature-controlled capacity.

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