USA – Lineage Logistics, one of the world’s largest provider of temperature-controlled logistics solutions has acquired cold storage solutions provider to the food and agriculture industry, Emergent Cold for an undisclosed sum.
As part of the transaction, Lineage also acquired newly constructed distribution centers located in the Dallas-Fort Worth market and in Piura, Peru, as well as New Orleans Cold Storage and its four U.S. facilities anchored in the Ports of New Orleans, Houston and Charleston.
“Welcoming Emergent Cold and New Orleans Cold Storage to the Lineage family provides a dramatically expanded footprint of facilities in the Asia-Pacific region and further connects our customers’ global supply chains through one network as a result,” said Mike McClendon, Lineage’s President of International Operations & EVP of Network Optimization.
“With many of the acquired facilities located in key domestic and international ports, we are better positioned than ever to more efficiently serve our customers in nearly every corner of the world. We look forward to building on Emergent’s exciting growth and, in turn, playing a key role in helping our customers grow their respective businesses.”
The transactions also position Lineage to take advantage of growing demand for cold storage space in Australia – a sector valued at US$5 billion – and in neighboring New Zealand, Vietnam and Sri Lanka.
The sector is rapidly evolving and is an integral part of Asia-Pacific’s domestic and international supply chains for food products including dairy, seafood, raw and cooked meat, poultry, frozen vegetables and other frozen or chilled foods.
The close of Lineage’s acquisition of Emergent Cold follows the recent announcement of two similar acquisitions.
The company has acquired one of the leading foodservice distributor, Maines Paper & Food Service, which further expanded Lineage’s service offering to customers with last mile distribution and adds leading U.S. restaurant brands into the Lineage network.
Lineage has also signed a definitive agreement to acquire Henningsen Cold Storage, which will provide expanded options in the Pacific Northwest as well as new service locations in Idaho, North Dakota and Oklahoma.
Lineage operates one of the largest temperature-controlled facility network globally, with over 1.9 billion cubic feet and 53 million square feet of capacity across more than 300 facilities spanning 12 countries across North America, South America, Europe, Asia, Australia and New Zealand.