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Acquisition of facilities in the Netherlands and Belgium adds to European footprint
Lineage Logistics, LLC, the world’s largest provider of temperature-controlled logistics solutions, announced as part of its global expansion efforts that it has acquired two facilities from Van Soest Coldstores (Van Soest), a Netherlands-based organisation specialising in the storage and transfer of cooled and deep-frozen food products.
Financial terms of the transaction were not disclosed.
Part of the Company’s strategy is to grow the Lineage facility network in strategic locations to provide customers with best-in-class solutions that meet all of their cold storage and logistics needs. Bringing Van Soest Coldstores into the Lineage family helps us do just that.
Under the terms of the agreement, Lineage acquired Van Soest’s facilities in Venlo, Netherlands, and Rijkevorsal, Belgium, to complement the Company’s 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.
The acquisition will add more than 10MM 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 200MM cubic feet across 23 facilities in England, Scotland, Belgium and the Netherlands.