Lineage Logistics LLC, the world’s largest provider of temperature-controlled logistics solutions, has acquired two facilities from Van Soest Coldstores, a Netherlands-based organization specializing in the storage and transfer of cooled and deep-frozen food products. Financial terms of the transaction were not disclosed.
Under the terms of the agreement, Lineage acquired Van Soest’s facilities in Venlo, Netherlands, and Rijkevorsel, Belgium, to complement its existing presence in both countries. Van Soest’s facility in Gamaren, Netherlands, a joint-venture and newly formed business, was not part of the transaction.
“Part of our strategy is to grow the Lineage facility network in strategic locations to provide our customers with best-in-class solutions that meet all of their cold storage and logistics needs,” Lineage Logistics President aand CEO Greg Lehmkuhl said in a statement. “Bringing Van Soest Coldstores into the Lineage family helps us do just that.”
“We have found a strong European partner in Van Soest Coldstores, whose management shares our values and our drive to lead the cold storage industry. Anton Mauritz and his team have built an impressive business through their commitment to customer service, and we are excited to uphold their stellar reputation by supporting their expansion of the Rijkevorsel facility this fall,” added Mike McClendon, president, Lineage Europe and executive vice president, network optimization & integration of Lineage Logistics.
The acquisition will add more than 10 million cubic feet and more than 300,000 square feet of storage capacity to Lineage’s portfolio after current expansions are completed, bringing Lineage’s total European cold storage-capacity to nearly 200 million cubic feet across 23 facilities in England, Scotland, Belgium and the Netherlands.