Lineage Logistics Expands Global Footprint with Preferred Freezer Acquisition
Global temperature-controlled logistics solutions provider,
Lineage Logistics, announced the formal closing of its acquisition of Preferred Freezer Services, LLC. This announcement comes less than three months after the acquisition was first confirmed back in February.
“With the integration of Preferred’s exceptional team and its network of state-of-the-art facilities, Lineage is the clear go-to logistics partner for both large and small food producers and retailers worldwide,” said Greg Lehmkuhl, President and Chief Executive Officer of Lineage. “Together, we look forward to delivering operational excellence and innovative, high-impact supply chain solutions for customers on a global scale.”
More than 1.3 billion cubic feet and 37 million square feet of capacity in 200 facilities across North America, Europe and Asia are dedicated to servicing customers with supply chain-focused needs. The combined company now represents the largest temperature-controlled facility network global network and boasts a total of 800,000 automated pallet positions across 17 facilities.
“Since founding Lineage in 2008, we have been focused on strategically growing the business to meet expanding customer needs,” added Kevin Marchetti, Co-Founder and Managing Partner of Bay Grove, LLC (“Bay Grove”), the principal investment firm backing Lineage. “The close of this transaction unlocks an entirely new set of opportunities as we look to build upon our industry-leading position with additional capital deployment in technological advancements and new projects.”