Lineage Logistics in Novi announced the acquisition of Cryo-Trans, a provider of refrigerated and insulated railcars and rail management solutions based in Maryland. Terms of the deal were not disclosed.
Lineage is a global leader in temperature-controlled warehousing. The new partnership seeks to enhance Lineage’s supply chain solution for food and beverage customers.
Cryo-Trans manages more than 40,000 annual rail shipments and owns 2,200-plus refrigerated and insulated railcars. Its first temperature-controlled railcar was designed in 1985. Cryo-Trans has also leveraged its rail management programs to become a rail management partner, providing real-time information and visibility to track, trace, and expedite railcar shipments anywhere in North America.
“We look forward to uncovering new opportunities to further streamline our customers’ supply chains,” says Kevin Marchetti, co-founder of Lineage and Bay Grove, the San Francisco-based principal investment firm that owns Lineage.
Lineage represents the largest network of temperature-controlled warehouses globally. The company has more than 330 facilities offering nearly 2 billion cubic feet of capacity. They span across more than 15 countries in North America, Europe, Asia, Australia, New Zealand, and South America.
Lineage also offers transportation solutions, including less-than-truckload consolidation, managed transportation, on-demand transport, port logistics, customs brokerage, import/export, drayage, last-mile delivery, and related value-added services.
“We are honored to bring our rail experience and premium railcars to the world’s leading temperature-controlled logistics company,” says Herman Haksteen, CEO of Cryo-Trans. “Together, we will continue to execute on the Cryo-Trans mission of ‘protecting today’s perishables for tomorrow.’”
Check out the story on Lineage Logistics from the September/October 2020 issue of DBusiness here.