Cold storage provider Lineage Logistics announced Thursday that it completed a $1.9 billion equity raise to fund new developments, M&A and technology initiatives.
In today’s edition of The Daily Dash, civil penalties for drug and alcohol violations could jump under a proposed rule. Plus, the holiday shipping season trned out better than most expected, and California unveils a plan to invest in clean vehicles.
The partnership will help “transform” the food supply chain with better, faster data, Lineage says.
Acquisitions and record Canadian grain loadings round out rail news
TorQuest Partners buys VersaCold Logistics Services, a major Canadian cold storage provider with a large cross-border trucking operation.
Cold storage heavyweight Lineage Logistics announces the acquisition of Poland’s largest temperature-controlled storage and logistics provider, Pago.
Third-party food logistics company FreezPak Logistics announces plans to open a new facility near Port Elizabeth to meet “continually growing demand for cold storage space.”
It appears Lineage Logistics will be able to sustain its 60% annual cubic-foot growth rate. The company announces an equity raise landed it with $1.6 billion in new capital.
Lineage Logistics has added 24 locations to its network of cold storage facilities through a series of acquisitions. The announcement follows a few large deals Lineage announced recently.
Lineage Logistics announces expansion into Canada as it agrees to acquire Ontario Refrigerated Services, the latest addition to growing global footprint.
Cold storage consolidation remains hot. Lineage Logistics closes on Emergent Cold transaction, growing its already dominant global market share.
Lineage Logistics continues its hot acquisition streak, entering into an agreement to purchase Henningsen Cold Storage and its 14 facilities.
Lineage Logistics’ bid for food service distributor Maines expected to save 850 jobs.
Already the largest cold storage warehouse company, Lineage Logistics is reportedly buying Emergent Cold.
The refrigerated storage company buys two facilities from Netherland-based Van Soest Coldstores.
