Lineage Logistics snaps up Partner Logistics
Michigan (UA)-based Lineage Logistics has acquired the European cold storage provider and automated cold storage company Partner Logistics. The transaction’s price tag was not disclosed.
The takeover marks the first international acquisition by Lineage, an organization backed by investment firm Bay Grove, and represents significant growth in the company’s warehouse automation strategy.
Founded in 2008, Lineage has grown through acquisitions and construction with its domestic footprint reaching over 100 locations and 17 million cbm of temperature-controlled capacity.
Partner adds almost 3 million cbm of temperature-controlled capacity and expands Lineage's operations to include six fully automated warehouses and one conventional warehouse in the Netherlands, Belgium and the UK. (ah)