Along with its its third-quarter 2024 earnings, Lineage has announced it has acquired the assets of ColdPoint Logistics.
Located in Kansas City, Kansas and previously owned by NorthPoint Development, ColdPoint provides cold storage warehousing, handling, and transportation services for both domestic and foreign markets, including protein, produce, dairy, bakery, and dry goods for frozen and refrigerated products.
“The acquisition of ColdPoint expands Lineage’s existing presence in the strategic Kansas City area and enhances our ability to provide an efficient solution for customers along the protein corridor, with direct access to major U.S. ports via onsite rail,” said President and CEO of Lineage, Greg Lehmkuhl.
ColdPoint’s facility is almost 60,000 square metres and contains 62,000 pallet positions, as well as 7 blast cells and a standalone boxing room. It is Lineage’s largest deal since going public in July 2024.
“The ColdPoint team is excited about joining with Lineage,” said ColdPoint CEO, Aaron Burks. “The combination of our companies creates an incredible opportunity for our team to grow within a larger organisation and provides our customers with access to Lineage’s vast network.”
In other news, A.P. Moller – Maersk has opened its first bonded warehouse in Vietnam.
