Temperature-controlled logistics solutions provider, Lineage Logistics, has completed 12 acquisitions across Europe.
Over the past 12 months, Lineage completed strategic acquisitions across four countries that comprise twenty locations in core population and food production markets.
Also included in the company’s deal activity is a majority investment in a state-of-the art automation commissioning business located in Belgium. All acquisitions have either been successfully integrated or will be integrated in the first quarter of 2021.
Among the companies joining the Lineage team is Coldstar, Lineage’s most recent acquisition in the region which features a highly automated operation in the ‘Golden Triangle’ of Denmark, strategically located between Jutland, Zealand and Germany.
Coldstar adds nearly seven million cubic feet and more than 20,000 pallet positions of cold storage capacity to the Lineage network, with more than 100 skilled and enthusiastic team members serving approximately 65 per cent of the Danish retail market. Plans to grow this business and expand its offerings to retailers in Denmark and beyond are actively under consideration.
In addition to Coldstar, the announced transactions include sites in Denmark, Belgium, Norway and Poland.
“In a year like 2020, which presented both challenges and opportunities, I’m proud we were able to enter new markets and continue our growth momentum around the globe,” said Greg Lehmkuhl, President and Chief Executive Officer of Lineage.
“We ended the year in a strong position in the European market and more focused than ever on our purpose of transforming the food supply chain to eliminate waste and help feed the world.”
Lineage President International Operations & EVP of Network Optimisation, Mike McClendon, said these transactions are important to the company’s growing European footprint and address increasing demand.
“The strategic locations of these facilities, combined with those which offer and facilitate highly-automated operations or expansion opportunities, allow us to offer supply chain solutions that extend throughout the entire value chain,” he said.
Following the close of these transactions, the combined company features a global footprint that spans more than 2.1 billion cubic feet of temperature-controlled capacity across over 340 facilities in 15 countries spanning North America, Europe, Asia, Australia, New Zealand, and South America.