Lineage Logistics added to its cold storage capacity with two recent business moves.
Lineage Logistics Announces Acquisition of Henningsen Cold Storage Co.
Novi, MI – May 28, 2020 – Lineage Logistics, LLC BB #:294667, the world’s largest and most innovative provider of temperature-controlled logistics solutions, today announced it has signed a definitive agreement to acquire Henningsen Cold Storage Co. (“Henningsen”).
Lineage was founded by and continues to be managed by Bay Grove. The strategic acquisition adds to the Company’s expansive U.S. facility network and bolsters its leading presence in the Pacific Northwest, with the addition of 14 facilities across Oregon, Washington, Idaho, Pennsylvania, North Dakota and Oklahoma. Financial terms of the transactions were not disclosed.
“We are honored to welcome the Henningsen team to the Lineage family and to serve our combined customer bases across additional points in their food supply chains,” said Greg Lehmkuhl, President and Chief Executive Officer of Lineage. “Our organizations share a commitment to excellence, doing business with integrity and finding sustainable ways to run our businesses, and I look forward to seeing how our strong operational and cultural foundations will propel us into the future.”
Following closing of this transaction and pending the close of a previously announced transaction, the combined Company will feature over 1.9 billion cubic feet of temperature-controlled capacity across 311 facilities in 11 countries, with a global footprint that spans North America, Europe, Asia, Australia and New Zealand.
Henningsen Cold Storage Co., which was founded in 1923 by Waldemar F. Henningsen, Sr., originally operated under the name “Northwestern Ice & Cold Storage Inc.,” and stands today as a fifth-generation family business with a legacy of reliability and long-standing, excellent relationships with customers.
“We have known the Henningsen family since our earliest days in the cold chain industry and have deep respect for the business, culture and reputation they have built over generations,” said Kevin Marchetti, Co-Founder of Lineage Logistics and Bay Grove. “When we founded Lineage a little over eleven years ago, we looked to emulate companies like Henningsen that built their company with a long-term mindset. With this transaction, we will bring together two companies with that type of approach and make them both even stronger together.”
“On behalf of the entire Henningsen family, we are thrilled to be joining Lineage,” said Paul Henningsen, President of Henningsen Cold Storage Co. “We chose Lineage because we believe it will be the best way to strengthen our partnerships with customers by providing access to an unrivaled international facility network, extensive technology and automation resources as well as a robust suite of supply chain solutions. I am incredibly proud of our organization and the customer and employee centric reputation we have built over many years. I’d like to thank the entire Henningsen team for their continued efforts and dedication to our business, and I can’t wait to see what the future holds for us as part of Lineage.”
The transaction is expected to close in the coming months, subject to customary closing conditions.
Lineage Logistics Closes Acquisition of Emergent Cold
Novi, MI – June 2, 2020 – Lineage Logistics, LLC, the world’s largest and most innovative provider of temperature-controlled logistics solutions, today announced it has closed the acquisition of Emergent Cold.
The acquisition was first announced on November 18, 2019.
The combined company expands on the largest temperature-controlled facility network globally, with over 1.9 billion cubic feet and 53 million square feet of capacity across more than 300 facilities spanning 12 countries across North America, South America, Europe, Asia, Australia and New Zealand. As part of the transaction, Lineage also acquires newly constructed distribution centers located in the Dallas-Fort Worth market and in Piura, Peru, as well as New Orleans Cold Storage and its four U.S. facilities anchored in the Ports of New Orleans, Houston and Charleston.
“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 & EVP of Network Optimization. “With many of the acquired facilities located in key domestic and international ports, we are better positioned than ever to more efficiently serve our customers in nearly every corner of the world. We look forward to building on Emergent’s exciting growth and, in turn, playing a key role in helping our customers grow their respective businesses.”
“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,” said Kevin Marchetti, Co-Founder and Managing Partner of Bay Grove, LLC (“Bay Grove”), the principal investment firm backing Lineage. “The close of this transaction is an important step in building our Asia-Pacific platform and unlocks new doors for Lineage’s customers.”
The close of Lineage’s acquisition of Emergent Cold follows the recent announcement of two similar acquisitions. The first, announced on May 20, was the company’s acquisition of leading foodservice distributor Maines Paper & Food Service, which further expands Lineage’s service offering to customers with last mile distribution and adds leading U.S. restaurant brands into the Lineage network. The second was the announcement of a signed definitive agreement to acquire Henningsen Cold Storage Co. on May 28, which will provide customers with expanded options in the Pacific Northwest as well as new service locations in Idaho, North Dakota and Oklahoma.
