Lineage Logistics, LLC, has completed 20 acquisitions in Europe over the past 12 months.
It has bought companies in Denmark, Belgium, The Netherlands, Norway and Poland.
The cold storage giant has been on a shopping spree lately, with more than 16 acquistions in the U.S. and 15 greenfield expansions over the last year. It also made its entry to the Canadian market with the purchase of Ontario Refrigerated Services in July 2020.
Coldstar, which has a highly automated operation in the “Golden Triangle” of Denmark, located between Jutland, Zealand and Germany is the most recent acquisition in the region. It adds nearly seven million cubic feet and over 20,000 pallet positions of cold storage capacity to the network. With more than 100 staff, it serves close to 65 percent of the Danish retail market. Lineage is considering expansion of this business.
In Denmark Lineage acquired Lundsøe Køl og Frys, with five locations across the country. A “substantial” expansion is planned for the Port of Aarhus in 2021. It also picked up Super Frost Sjaelland A/S, which has one location outside Copenhagen; Kolding, and Kanalholmen, each with one triple-net leased facility.
In The Netherlands Vriescentrale Asten is an automated meat processing operation. Lineage also bought Frigo Group’s Heerenberg B.V. location in Heerenberg.
In Belgium Lineage bought F.A.I.S. – Flexible Automation Innovative Solutions, an automation commissioning business
In Norway the purchases are Larvik, with one net leased facility in proximity to Larvik Harbour, Norway’s second largest container port; Teglverksveien 47-49 in Oslo, a net leased facility; and Moss Cold Storage, an operation in Moss, Norway that services the broader Norwegian market.
Finally, in Poland it picked up Pago Sp. z o.o., with six locations across the country.
All acquisitions have either been successfully integrated or will be integrated in the first quarter of 2021.
Growing European footprint
“These transactions are important to our growing European footprint and address increasing demand from customers to respond to shifting market dynamics and implement new, innovative and global supply chain solutions,” said Mike McClendon, Lineage’s president of international operations and EVP of network optimization.
“The strategic locations of these facilities, combined with those which offer and facilitate highly automated operations or expansion opportunities, allow us to offer supply chain solutions that extend throughout the entire value chain.”
Following the close of these transactions, the combined company has a global footprint with over 2.1 billion cubic feet of temperature-controlled capacity across over 340 facilities in 15 countries in North America, Europe, Asia, Australia, New Zealand, and South America.