Lineage Logistics to Acquire Kloosterboer Group

Lineage Logistics, LLC, one of the world's leading and most innovative temperature-controlled industrial REIT and logistics solutions providers, announced today that it has agreed to acquire Kloosterboer Group, a leading independent integrated platform in Europe for temperature-controlled storage, logistics, and value-added services. The deal is subject to regulatory approval and the completion of the employee consultation procedure.

Kloosterboer has eleven facilities in the Netherlands, France, Germany, Canada, and South Africa, with a combined capacity of 6.4 million cubic meters and 790,000 pallet positions and over 900 team members. Kloosterboer, a family-owned business with a strong tradition as a vegetable trading company dating back to 1925, has expanded over generations to become one of Europe's most well-known supply chain solutions companies. The Kloosterboer family will remain active in the company's future by investing in Lineage and allocating a part of their selling profits to Lineage equity.

Kloosterboer is recognized by BREEAM (Building Research Establishment Environmental Assessment Methodology) is a frontrunner in sustainable cold store operations, which fits with Lineage's mission of revolutionizing the food supply chain to prevent waste and help feed the world. Kloosterboer's network includes over 18,000 solar panels, four wind turbines that power operations such as heavy lift equipment, and an annual CO2 reduction equivalent to the consumption of more than 4,100 families.

About Lineage Logistics
Lineage Logistics is a global leader in temperature-controlled industrial REIT and logistics solutions. It has a worldwide network of over 350 strategically positioned facilities with a total capacity of over 2 billion cubic feet that covers 16 countries in North America, Europe, and Asia-Pacific. Lineage's industry-leading expertise in end-to-end logistical solutions, unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, reduce supply chain waste, and, most importantly, help feed the world as a Visionary Partner of Feeding America.

Lineage was named No. 17 on the 2021 CNBC Disruptor 50 list, No. 1 in Data Science, and 23rd overall on Fast Company's 2019 list of The World's Most Innovative Companies and being included in Fortune's Change The World list in 2020.

About Kloosterboer
The Kloosterboer Group is a family-owned business with over 95 years of expertise managing temperature-controlled food products such as fish, meat, fruit, fruit juices, fruit concentrates, dairy, and potato products. Kloosterboer creates and implements innovative and sustainable supply chain solutions for conditioned food products. Kloosterboer is devoted to long-term partnerships, looks for cost savings for its clients, and seeks to provide a higher quality of service. The company specializes in warehousing, stevedoring, forwarding, shipping, customs, and logistics information technology. Kloosterboer has storage capacity in the Netherlands, France, Germany, Canada, and South Africa.