Global logistics and cold storage firm Lineage Logistics has acquired international cold chain logistics provider Emergent Cold, the companies said Monday. Terms of the deal were not disclosed.
The acquisition strengthens Novi, Mich.-based Lineage's port presence in the United States and expands its footprint in Asia-Pacific, marking its entry into Australia, New Zealand, Vietnam, and Sri Lanka, company officials said.
"Food producers, manufacturers and retailers are looking for cold chain partners who can offer a dynamic and truly end-to-end temperature-controlled logistics solution, and one that can reach every corner of the world," Greg Lehmkuhl, Lineage president and CEO said in a statement announcing the acquisition. "Welcoming Emergent to the Lineage family not only adds significant capacity to our international footprint, but also deepens our commitment to our port strategy and international trade."
Emergent Cold was founded in 2017, has a network of 46 cold stores in six countries, and is among the largest temperature-controlled service providers in the southern hemisphere, the company said.
The transaction is expected to close in 2020, Lineage officials said.