Lineage Logistics closes key acquisition of Emergent Cold

Lineage Logistics recently closed the acquisition of Emergent Cold.

The combined company expands on the largest temperature-controlled facility network globally, with more than 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, first announced in November 2019, Lineage also acquired 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 US facilities anchored in the Ports of New Orleans, Houston and Charleston, the company said.

“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. “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.”

The close of Lineage’s acquisition of Emergent Cold follows the recent announcement of two similar acquisitions. The first, announced May 20, was the company’s acquisition of leading foodservice distributor Maines Paper & Food Service, which expands Lineage’s service offering to customers with last-mile distribution and adds leading US restaurant brands into the Lineage network. The second was a signed agreement to acquire Henningsen Cold Storage 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.

“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, 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.”