Lineage Logistics LLC, an international warehousing and logistics company backed by Bay Grove LLC, has acquired eight temperature-controlled warehouses from US Growers Cold Storage (Growers).
With the acquisitions, Lineage adds significant capacity to its facility network in Southern California, providing increased storage flexibility and greater access to solutions for its customers. Financial terms of the transactions were not disclosed.
The eight locations acquired from Growers encompass more than 12 million cubic feet of capacity in the Los Angeles area and are accessible to Southern California’s major freeways, rail facilities and ocean container terminals, including the 250,000-square-foot transload facility Lineage operates in the Port of Long Beach’s overweight corridor. With the acquisition, Lineage strengthens its ability to customize high-impact supply chain solutions by leveraging its expanded Southern California facility network of more than 20 locations.
“While we have existing operations and deep experience in Southern California, this acquisition further represents Lineage’s commitment to grow with customers and optimize their supply chains in a desirable core market,” said Greg Lehmkuhl, president and CEO of Lineage Logistics. “Our aim has, and always will be, to consistently provide the space and solutions when and where our customers need it.”
In addition to the acquisition, Lineage will continue Growers’ existing expansion plans to add more than 25,000 pallet positions to its capacity over two phases. The initial phase is targeted for completion in May 2018.
The Growers acquisition and its subsequent growth plans are announced on the heels of Lineage’s acquisition of two cold storage facilities from American Cold Storage. Located in Boonville IN and Louisville KY, the acquired facilities add more than 8 million cubic feet of capacity to Lineage’s facility network and serve as a complement to its nearby warehouses in the Midwest region. American will continue to own its facilities in Humboldt and Jackson TN independently.
In total, Lineage adds more than 20 million cubic feet of capacity to its international facility network through these two acquisitions.
Access www.lineagelogistics.com or www.bay-grove.com for full information.
