Novi-based Lineage Logistics, the world’s largest temperature-controlled industrial real estate investment trust and logistics solutions provider, announced the completion of 12 transactions across Europe to build on its global facility network. Details of the transactions were not disclosed.
The acquisitions, some of which were previously announced, have been integrated or will be integrated in the first quarter of 2021.
“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,” says Greg Lehmkuhl, president and CEO of Lineage.
Among the companies joining Lineage is Coldstar, which features a highly automated operation in Denmark. It adds nearly 7 million cubic feet and more than 20,000 pallet positions of cold storage capacity to the Lineage network. It also has more than 100 workers and serves about 65 percent of the Danish retail market. Lineage is considering plans to grow the business and expand offerings to retailers in Denmark and other countries.
Other transactions include:
- Lundsøe Køl og Frys, five locations across Denmark with an expansion planned for the Port of Aarhus, to be completed in 2021
- Super Frost Sjaelland A/S, one location outside Copenhagen
- Kolding, one triple-net leased facility
- Kanalholmen, one triple-net leased facility
- Vriescentrale Asten, one highly automated operation focused on meat processing for international export
- Frigo Group’s Heerenberg B.V. location in Heerenberg
- F.A.I.S. – Flexible Automation Innovative Solutions, an automation commissioning business that will assist Lineage in its new build growth pipeline
- Larvik, one net leased facility in proximity to Larvik Harbour, Norway’s second largest container port
- Oslo, one net leased facility
- Moss Cold Storage, one operation in Moss, Norway that services the broader Norwegian market
- Pago Sp. z o.o., six locations across Poland
“These transactions are important to our growing European footprint and address increasing demand from customers to respond to shifting market dynamics and implement new, innovative and global supply chain solutions,” said Mike McClendon, Lineage’s President of International Operations & EVP of Network Optimization. “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.”
Also included in the company’s deal activity is a majority investment in an automation commissioning business located in Belgium.
Following the close of the transactions, the combined company will have a global footprint that spans over 2.1 billion cubic feet of temperature-controlled capacity across 340 facilities in 15 countries in North America, Europe, Asia, Australia, New Zealand, and South America.