US cold storage and logistics solutions provider, Lineage Logistics expands its operations in Europe, confirming a number of acquisitions during June.
Lineage Logistics has announced its intention to buy the cold storage division of Claus Sørensen Group, a cold storage operator in Denmark, in the previous week.
Founded in 1926, Claus Sørensen is headquartered in Esbjerg, Denmark and operates nine cold storage facilities that are located in relation to major fishing ports and food production facilities. The total capacity of Claus Sørensen’s facility network exceeds 800,000 cubic metres, with a freezing capacity of approximately 1,800 tonnes per day.
“At Lineage, we actively look for opportunities to strengthen our leading facility network and deliver strategic value to our customers by connecting more dots within their supply chains,” stated Greg Lehmkuhl, President and CEO of Lineage. “Our acquisition of Claus Sørensen will amplify our reach in the Nordic region and will add a highly capable team to our European organization.”
Earlier in June, Lineage said it has reached an agreement to acquire Kloosterboer Group, an integrated platform for temperature-controlled storage, logistics and value-added services in Europe.
According to company’s announcement, the transaction is subject to regulatory clearance and completion of the employee consultation process.
Kloosterboer consists of eleven facilities across the Netherlands, France, Germany, Canada and South Africa, totaling 6.4 million cubic meters of capacity and 790,000 pallet positions and employing over 900 team members.
Additionally, Kloosterboer’s network features nearly 18,000 solar panels, four wind turbines that power operations such as heavy lift equipment, and an annual reduction of CO2 equaling consumption of over 4,100 households.
The acquisition is a major step toward Linage’s vision to become the most dynamic temperature-controlled logistics company in the world, according to Mike McClendon, Lineage’s President of International Operations & EVP of Network Optimisation, who noted, “Kloosterboer’s strong entrepreneurial culture and management team, combined with their state-of-the-art, strategically located facility network perfectly complement Lineage’s international footprint and innovative spirit, which will deliver incredible value to our combined customers.”
Moreover, on 1 June, Lineage announced the closing of the acquisition of UTI Forwarding (UTI), a Rotterdam-based freight forwarder.
UTI Forwarding is involved in the exporting and importing of Full Container Load (FCL) cargo in Rotterdam, handling both temperature-controlled and other containerised goods.
“Together with UTI we will create even greater opportunities to provide end-to-end supply chain offerings for our shared customers,” commented on UTI acquisition closing Mike McClendon.
