Lineage Logistics Holdings, a temperature-controlled industrial REIT and logistics solutions provider, announced the acquisition of Pago Sp. z o.o., leading warehousing, distribution, and transport logistics provider in Poland. As such, Bay Grove Capital-controlled Lineage enters the Polish logistics market. The financial terms of the transactions were not disclosed.
“We are excited to enter Poland by acquiring Pago, which is known for its dedicated team members, the most modern network in its market and an entrepreneurial culture with roots as a family business – just like so many of the organizations we’ve embraced as part of our ‘One Lineage’ family,” Mike McClendon, Lineage’s president of International Operations & EVP of Network Optimization said. “The acquisition also expands the Lineage footprint to an increasingly important market for our customers and a region where we see opportunities to add capacity and implement new, innovative customer solutions.”
The combined company will feature over 1.9 billion cubic feet of temperature-controlled capacity across more than 330 facilities in 15 countries, with a global footprint that spans North America, South America, Europe, Asia, Australia, and New Zealand.