[Stay on top of transportation news: Get TTNews in your inbox.]
Lineage Logistics, a global temperature-controlled industrial real estate investment trust (REIT) and logistics provider, announced its intention to acquire the cold storage division of Danish company Claus Sorensen Group. A schedule and terms were not given.
Founded in 1926, Claus Sorensen is headquartered in Esbjerg and operates nine cold storage facilities located in relation to major fishing ports and food production facilities. Total capacity of Claus Sorensen’s facility network exceeds 800,000 cubic meters, with a freezing capacity of approximately 1,800 tonnes per day, according to the Novi, Mich.-based company.
Lineage Logistics ranks No. 31 on the Transport Topics Top 50 list of the largest logistics companies in North America. It ranks No. 1 on the list of top refrigerated warehousing firms.
The acquisition comes on the heels of Lineage’s recently announced agreement to acquire Kloosterboer Group and contributes to the expansion of Lineage’s facility network across Europe. Lineage’s global footprint currently spans more than 2.1 billion cubic feet of temperature-controlled capacity in 15 countries across North America, Europe, Asia-Pacific and South America, according to the company. — Transport Topics
Want more news? Listen to today's daily briefing below or go here for more info: