The Logistician
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt
No Result
View All Result
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt
No Result
View All Result
The Logistician
No Result
View All Result
Home Industry Cold Chain

Lineage Logistics completes Emergent Cold acquisition

The world’s largest cold storage provider grows its footprint to more than 1.9 billion cubic feet

07/06/2020
in Cold Chain
Lineage Logistics hoàn tất quá trình mua lại Emergent Cold của Úc
0
SHARES
328
VIEWS
Share on FacebookShare on Twitter

Lineage Logistics, the world’s largest temperature-controlled logistics provider, announced the completion of its acquisition of Emergent Cold.

The transaction was originally expected to add 46 facilities throughout the United States, Australia, New Zealand, Vietnam and Sri Lanka to Lineage’s network. The deal includes New Orleans Cold Storage, which Emergent acquired earlier in 2019, and its four port facilities in New Orleans, Houston and Charleston. The transaction also includes newly constructed distribution centers near Dallas-Fort Worth and Piura, Peru.

Emergent Cold is the largest cold chain provider in Australia, with more than 75 million cubic feet of storage space and over 300,000 pallet positions.

Financial terms were not disclosed, but the Wall Street Journal originally reported the deal to be valued at more than $900 million. The deal was first announced at the end of 2019.

“Welcoming Emergent Cold and New Orleans Cold Storage to the Lineage family provides a dramatically expanded footprint of facilities in the Asia-Pacific region and further connects our customers’ global supply chains through one network as a result,” said Mike McClendon, Lineage’s President of International Operations and Executive Vice President of Network Optimization.

Novi, Michigan-based Lineage has been on an acquisition hot streak of late, purchasing Northeast food service distributor Maines Paper and Food Service and Pacific Northwest warehousing and transportation provider Henningsen Cold Storage in recent weeks.

In aggregate, Lineage’s network now includes more than 300 facilities and 1.9 billion cubic feet of cold storage in 12 countries throughout North America, South America, Europe, Asia, Australia and New Zealand.

Lineage is backed by private equity firm Bay Grove Capital.

“We continue to be laser-focused on strategically and intentionally growing the business to provide the most expansive and innovative logistics services in the world. The close of this transaction is an important step in building our Asia-Pacific platform and unlocks new doors for Lineage’s customers,” said Co-Founder of Lineage Logistics and Managing Partner of Bay Grove Kevin Marchetti.

 

Source: Freightwaves
Tags: ACQUISITIONfeatured
Previous Post

Amazon Air boosted by 12 more aircraft and new regional air freight hubs

Next Post

DSV Panalpina ends freighter contract with Atlas, with more staff set to go

Related Posts

Thời điểm chín muồi để xây dựng hệ sinh thái phân phối Vaccine
Business

The time is now for a vaccine distribution ecosystem

27/11/2020

PHỔ BIẾN

Tại sao container rơi xuống biển và ai sẽ là người chịu trách nhiệm? Phần 2: Truy cứu trách nhiệm

Why do containership stacks collapse and who is liable?- Part 2: Legal liability

20/06/2020
Tình trạng khan hiếm container đang trở nên nghiêm trọng ở khu vực châu Á

Container Availability drops across Asia prior to Shipping Peak

17/09/2020
Vietnam Airlines sẽ bay quốc tế từ 1/7

Vietnam Airlines plans to re-operate international flights from July 1st

12/06/2020
A Comprehensive Guide on the Shipping Industry’s many Bills of Lading

A Comprehensive Guide on the Shipping Industry’s many Bills of Lading

22/05/2020

NỔI BẬT

Viet Nam – Cuba Trade Agreement officially takes affect from April, 2020

Viet Nam – Cuba Trade Agreement officially takes affect from April, 2020

24/04/2020
Các hãng tàu sẽ tăng giá cước và bổ sung phụ phí cho tuyến Á-Âu…

Strong demand on Asia-Europe sees carriers hike rates and bring in surcharges

12/07/2020
Sẵn sàng với thương hiệu “Made in Vietnam”: LOGOS đặt cược vào ngành hậu cần của Việt Nam

Get Ready For Made In Vietnam: Australia’s LOGOS Bets Big On Vietnam Logistics

24/08/2020
Vì sao những hãng bay giá rẻ thường tránh sử dụng cầu dẫn

Why Low Cost Carriers Avoid Jet Bridges

27/09/2020
  • Home
  • Mode
  • Industry
  • Technology
  • Library
  • Contact us
  • Tiếng ViệtTiếng Việt
Email: info@logistician.org

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

No Result
View All Result
  • Home
  • Mode
    • Air
    • Sea
    • Road
    • Rail
    • Waterway
  • Industry
    • Aerospace
    • Automotive
    • Chemical
    • Cold Chain
    • E-Commerce
    • Fashion & Lifestyle
    • FMCG
    • Hi-Tech
    • Industrial
    • Luxury Goods
    • Project & Heavylift
  • Technology
  • Library
    • Books
    • Videos
  • Contact us
  • Tiếng ViệtTiếng Việt

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.