Lineage Logistics, LLC announced as part of its global expansion efforts that it has acquired two facilities from Van Soest Coldstores (“Van Soest”), a Netherlands-based organization specializing in the storage and transfer of cooled and deep-frozen food products. Financial terms of the transaction were not disclosed.
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.
“Part of our strategy is to grow the Lineage facility network in strategic locations to provide our 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,” said Greg Lehmkuhl, president, and chief executive officer of Lineage Logistics.
The acquisition will add more than 10m 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 200m cubic feet across 23 facilities in England, Scotland, Belgium and the Netherlands.
“Over our 35-year history, Van Soest has become a trusted partner to many of Europe’s leading food manufacturers. We decided to join the Lineage family because of the Company’s impressive track record of building lasting relationships based on mutual respect with family businesses like Van Soest. I am proud to be a part of the Lineage network and look forward to helping the Company continue to grow as a strategic advisor,” said Anton Mauritz, managing director, Van Soest Coldstores.
