Lineage Logistics LLC, a warehousing and logistics company backed by Bay Grove, has acquired Consolidated Distribution Corporation (CDC), a third-party logistics and redistribution company headquartered in Lombard IL.
With the acquisition of CDC, Lineage says it has become the largest customized redistribution network in the United States. Financial terms of the transaction were not disclosed.
Founded in 1990, CDC is a leading foodservice supply chain logistics company and the largest independent multi-concept redistribution provider in the nation. Its redistribution operation serves the retail and manufacturing industries, as well as the foodservice franchisors and purchasing cooperatives of recognizable restaurant brands.
With access to multi-temperature warehouses in Illinois, Georgia, and Texas, CDC also adds to Lineage’s facility network of more than 600 million cubic feet across 113 facilities in 22 states, which represents the second-largest refrigerated warehouse network globally, based on data from the International Association of Refrigerated Warehouses (IARW).
“In joining Lineage, we gain access to additional capacity and service offerings like transportation, customs brokerage, and High Pressure Processing (HPP) that allow us to diversify the supply chain solutions we can offer customers,” said Mitch Rader, chief executive officer of CDC.
“The vision of Lineage Logistics is to be the world’s most dynamic temperature-controlled logistics company, and welcoming CDC into the organization is an important step toward achieving that vision,” said Greg Lehmkuhl, Lineage’s president and CEO. “CDC’s redistribution operation is a fantastic complement to our business. We are pleased to dramatically expand our redistribution offering and help our combined customers with maximizing their total supply chains.”
San Francisco CA-based Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. Over the past six years, it has built Lineage Logistics through acquisitions and investments completed in partnership with entrepreneurs, managers and employees.
Access www.lineagelogistics.com or www.bay-grove.com for further information.