Lineage Logistics Expands Cold Storage Network as Demand Grows
Lineage Logistics | August 13, 2020
Over the past 18 months, Lineage Logistics has finalized 10 acquisitions spanning 24 locations in the U.S. according to an announcement Tuesday. Some of the assets have already been integrated into Lineage Logistics' network, while the remainder will be integrated by the end of the year. The acquisitions, which encompass 5.5 million square feet and 153 million cubic feet of capacity, focus on adding "capacity and services in key markets," Greg Lehmkuhl, president and CEO of Lineage Logistics, said in a statement. They include Southern Cold Storage facilities in Gadsen, Alabama, and Baton Rouge, Louisiana; Allied Frozen Storage locations in upstate New York; Western Distribution Services locations in Washington State and a location at the Port of Seattle, among others. Lineage’s recent acquisition spree "is in response to growing demand for cold storage, which is supported by strong population growth, changing consumer food preferences and increasing demand for the services of third-party logistics providers as the food supply chain becomes increasingly complex," according to the release.