Cold storage provider Lineage announces expansion in Canada

Company acquires 3 locations, will expand 3 existing sites

Lineage will add more than 68,000 pallet positions in Canada. (Photo: Jim Allen/FreightWaves)

Temperature-controlled warehouse operator Lineage Inc. announced that recent acquisitions and expansion projects in Canada will expand its network by 13 million cubic feet and more than 68,000 pallet positions.

The company said Monday that it has acquired three cold storage facilities in Quebec, Canada. The new warehouses are located near Montreal and increase its Canadian footprint to more than 30 locations.

Novi, Michigan-based Lineage (NASDAQ: LINE) also announced expansion projects at three existing locations in Canada, including the addition of 1,500 blast-freezing pallet positions at a Calgary location.

The upgrades are expected to be completed by the middle of next year.

“Canada plays a vital role for food logistics in North America and globally,” said Matt Cramer, President of North America East at Lineage, in a news release. “Our facilities are strategically situated near vital infrastructure that keeps goods moving – whether that’s down the road, across the border or beyond.”

Lineage manages more than 485 facilities with 3.1 billion cubic feet of space across North America, Europe and the Asia-Pacific region. It also provides freight forwarding, customs brokerage, drayage and truck transportation.

The company closed on the acquisition of Bellingham Cold Storage and its three warehouses in April.

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Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.