Family business Van Soest Coldstores has sold two facilities to Lineage Logistics. (Van Soest Coldstores photo)
NOVI, Michigan – Lineage Logistics, LLC, a provider of temperature-controlled logistics solutions, has acquired two facilities from Van Soest Coldstores (Van Soest), a Netherlands-based organization specializing in the storage and transfer of cooled and deep-frozen food products. Financial terms of the transaction were not disclosed.
Under the terms of the agreement, Lineage acquired Van Soest’s facilities in Venlo, Netherlands, and Rijkevorsal, Belgium, to complement its existing presence in both countries. Van Soest’s facility in Gamaren, Netherlands, a joint-venture and newly formed business, was not part of the transaction.
“We have found a strong European partner in Van Soest Coldstores, whose management shares our values and our drive to lead the cold storage industry. Anton Mauritz and his team have built an impressive business through their commitment to customer service, and we are excited to uphold their stellar reputation by supporting their expansion of the Rijkevorsal facility this fall,” said Mike McClendon, president, Lineage Europe and EVP, network optimization and integration of Lineage Logistics.
The acquisition will add more than 10 million cubic feet and more than 300,000 square feet of storage capacity to Lineage’s portfolio after current expansions are completed, bringing Lineage’s total European cold storage capacity to nearly 200 million cubic feet across 23 facilities in England, Scotland, Belgium and the Netherlands.
“Over our 35-year history, Van Soest has become a trusted partner to many of Europe’s leading food manufacturers. We decided to join the Lineage family because of its impressive track record of building lasting relationships based on mutual respect with family businesses like Van Soest. I am proud to be a part of the Lineage network and look forward to helping the Company continue to grow as a strategic advisor,” said Anton Mauritz, managing director, Van Soest Coldstores.
Since the Company’s founding in 2008, Lineage has achieved sustained growth organically, through new construction and with acquisitions in the US and across the globe. This transaction builds on Lineage’s multiple successful acquisitions in Europe, including Yearsley Group, a temperature-controlled logistics service provider and frozen food distributor in the UK, and Partner Logistics, an automated cold storage provider in Europe.