Lineage Logistics LLC – one of the world’s largest temperature-controlled warehousing and logistics companies, announced it has acquired Preferred Freezer Services, a global network of state-of-the-art, temperature-controlled warehouses.
“We are thrilled to welcome Preferred into the Lineage family of companies. Bringing their first-class management team, deep industry experience and a network of strategically located facilities into our organization will enable us to provide best-in-class service offerings for customers worldwide. Lineage is now better positioned than ever to meet the needs – and exceed the expectation – of food customers on a truly global scale,” said Greg Lehmkuhl, president and chief executive of Lineage.
Following the acquisition, the emerging entity will feature over a 1.3 billion cubic feet of temperature-controlled capacity across over 200 facilities, with a global footprint across three continents including North America, Europe, and Asia.
“Joining Lineage will bring Preferred to the next level of customer service by broadening our global reach while also significantly expanding our innovation capabilities. I am tremendously proud of the company we have built and a longstanding customer-relationships we have fostered since founding Preferred Freezer Services in 1989,” commented John Galiher, chief executive officer at Preferred.
According to the press release, Lineage and Preferred have slightly complementary real estate and customer bases, making the acquisition a strategic expansion into new markets and new service offerings. Moreover, the transaction will also allow Linage to ramp up its investments in next-generation technologies. After the merger, the Michigan-headquartered company will have 17 automated facilities with over 800,000 automated pallet positions, including the two largest automated facilities in the world.
