Supply Chain Dive: Lineage Logistics Announces 10 Acquisitions
After Lineage Logistics acquired Ontario Refrigerated Services in July, they announced its acquisition of 10 other cold storage companies across 24 locations in the U.S.
The different locations include Southern Cold Storage facilities in Gadsen, Alabama, and Baton Rouge, Louisiana; Allied Frozen Storage locations in upstate New York; Western Distribution Services Locations in Washington State and a location at the Port of Seattle and more.
The reason for the acquisition is due to the “growing demand for cold storage, which is supported by strong population growth, changing consumer food preferences and increasing demand for the services of third-party logistics providers as the food supply chain becomes increasingly complex,” according to the release.
Demand for cold storage spaces was already on the rise before the pandemic. The pandemic has sped up this demand for online grocery purchases which is driving the need for cold storage facilities and infrastructure.
Source: Lineage Logistics finalizes 10 acquisitions as cold storage demand grows
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