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Lineage Logistics has reached an agreement to acquire Kloosterboer Group, an independent integrated provider of temperature-controlled storage, logistics and value-added services in Europe.
Lineage Logistics, LLC (“Lineage” or the “Company”), one of the world’s leading and most innovative temperature-controlled industrial REIT and logistics solutions providers, today announced it has reached an agreement to acquire Kloosterboer Group (“Kloosterboer”), a leading independent integrated platform for temperature-controlled storage, logistics and value-added services in Europe.
Lineage Logistics acquires food storage company in Europe
Lineage Logistics acquires food storage company in Europe
Deal adds 900 employees and seven storage utilities
Lineage continues international expansion through acquisitions
Lineage Logistics
The Kloosterboer family purchased equity in Lineage Logistics with proceeds from its sale to the Novi-based food logistics giant.
Lineage Logistics LLC has acquired a large temperature-controlled food storage company based in Rotterdam, Netherlands, which is also home to the freight company it acquired earlier this month.
The Kloosterboer Group is the latest addition to Novi-based Lineage s growing portfolio in Europe. The company just entered the continent s freight industry with the purchase of UTI Forwarding.