Trailer Magazine


Emergent Cold acquired by Lineage Logistics

  • Posted on Wednesday 20th, November 2019.

Michigan-based logistics and cold storage company, Lineage Logistics, has acquired cold chain logistics provider Emergent Cold it was announced.

The deal, reported as being more than $900 million, is expected to expand its operations in Asia-Pacific including Australia and New Zealand where Emergent Cold has a sizeable footprint.

Founded in 2017, Emergent Cold which recently proposed to acquire Melbourne-based Oxford Cold Storage, maintains a network of 46 cold stores in six countries.

According to the company it is one of the largest temperature-controlled service providers in the southern hemisphere.

In a statement Lineage President and CEO, Greg Lehmkuhl said food producers, manufacturers and retailers are looking for cold chain partners who can offer a dynamic and truly end-to-end temperature-controlled logistics solution, one that can reach every corner of the world.

"Welcoming Emergent to the Lineage family not only adds significant capacity to our international footprint, but also deepens our commitment to our port strategy and international trade," he said.

Emergent Cold was founded in 2017, has a network of 46 cold stores in six countries, and is among the largest temperature-controlled service providers in the southern hemisphere, the company said.

Lineage representatives confirmed the transaction is expected to close in 2020 and will increase its global reach by an estimated 8 per cent bringing its cubic feet storage capacity to 1.7 billion.

Its customers in North America include Walmart Inc., Tyson Foods Inc., General Mills Inc. and Sysco Corp.

© Copyright Prime Creative Media. All rights reserved.

Find us on Google+