Lineage Logistics Closes Acquisition of Preferred Freezer Services

Lineage Logistics Closes Acquisition of Preferred Freezer Services

NOVI, Mich.–(BUSINESS WIRE)–Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s most
innovative and trusted provider of temperature-controlled logistics
solutions, today announced it has closed the acquisition of Preferred
Freezer Services, LLC (“Preferred”).

The acquisition was first announced on February 25, 2019.

The combined company now features the largest temperature-controlled
facility network globally with over 1.3 billion cubic feet and 37
million square feet of capacity across more than 200 facilities spanning
North America, Europe and Asia to support customer supply chain needs
worldwide. Lineage continues its leadership in automated warehousing
with the acquisition of Preferred, now totaling over 800,000 automated
pallet positions across 17 facilities, including the two largest
automated temperature-controlled facilities in the world.

“With the integration of Preferred’s exceptional team and its network of
state-of-the-art facilities, Lineage is the clear go-to logistics
partner for both large and small food producers and retailers
worldwide,” said Greg Lehmkuhl, President and Chief Executive Officer of
Lineage. “Together, we look forward to delivering operational excellence
and innovative, high-impact supply chain solutions for customers on a
global scale.”

“Since founding Lineage in 2008, we have been focused on strategically
growing the business to meet expanding customer needs,” added Kevin
Marchetti, Co-Founder and Managing Partner of Bay Grove, LLC (“Bay
Grove”), the principal investment firm backing Lineage. “The close of
this transaction unlocks an entirely new set of opportunities as we look
to build upon our industry-leading position with additional capital
deployment in technological advancements and new projects.”

About Lineage: Lineage is the industry’s leading innovator in
temperature-controlled supply chain and logistics. Lineage’s expertise
in end-to-end logistical solutions, its unrivaled real estate network,
and its use of technology combine to promote food safety, increase
distribution efficiency, advance sustainability, lessen environmental
impact, and minimize supply chain waste. As a result, Lineage helps
customers ranging from Fortune 500 companies to small family-owned
businesses increase the efficiency and protect the integrity of their
temperature-controlled supply chain. (www.lineagelogistics.com)

About Bay Grove: Bay Grove is a principal investment firm
dedicated to partnering with strong management teams to invest in and
build long-term platform investments. Since 2008, Bay Grove has built
Lineage Logistics through acquisitions and investments completed in
partnership with entrepreneurs, customers and employees. The firm has
deep experience in the warehousing and logistics industry and also seeks
to make investments in other attractive sectors. Bay Grove is based in
San Francisco. (www.bay-grove.com)

Contacts

Media Contact:
Megan Hendricksen
Lineage Logistics
949.247.5172
[email protected]

Angela Fuller

Angela is a reviewer at foodplusice.com. Friends call her a pop culture geek, Zombie ninja, a travel evangelist and a friendly entrepreneur. Read more about the company >>

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