Temperature-controlled warehousing and logistics company Lineage Logistics LLC has acquired Partner Logistics, a leading European cold storage provider.
The transaction marks the first international acquisition by Lineage, an organization backed by investment firm Bay Grove LLC, and represents significant growth in the company’s warehouse automation strategy. Financial terms of the deal were not disclosed.
“This transaction is a great opportunity for our company and our customers,” said Duco Buijze, CEO of Partner Logistics. “We are excited to join Lineage and to increase the resources we have for growth and to expand our service offerings.”
Lineage specializes 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 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 U.S. facility footprint reaching more than 100 locations and 609 million cubic feet of temperature-controlled capacity.
With the acquisition of Partner, Lineage adds more than 101 million cubic feet of temperature-controlled capacity and expands its operations to include six state-of-the-art, fully automated warehouses and one conventional warehouse in the Netherlands, Belgium and the United Kingdom. Headquartered in Netherland’s Bergen op Zoom, Partner’s network of cold storage facilities has a total capacity of 500,000-plus pallets and is designed to maximize the efficiency and cost-effectiveness of its customers’ supply chains.
“Our acquisition of Partner Logistics represents Lineage’s ongoing commitment to serving our customers’ global supply chains by delivering dynamic, sophisticated cold chain logistics solutions,” said Greg Lehmkuhl, Lineage president and CEO. “We are thrilled to welcome the Partner team and are confident their incredible industry expertise—particularly in automation—will accelerate Lineage as a thought leader in this area with existing and new customers.”
See www.lineagelogistics.com or www.partnerlogistics.eu for further information.