Lineage Expands Nordic Presence with Strategic Acquisition of Permanor AS in Norway

Lineage Expands Nordic Presence with Strategic Acquisition of Permanor AS in Norway

May 06, 2025

Share This ArticleFacebookLinkedInTwitter

Lineage completes acquisition of Permanor AS, strengthening its cold storage and logistics capabilities across Norway and the broader Nordic region.

The operations and property in Haugesund and the operations in Brumunddal will enhance Lineage’s ability to serve the Nordic region’s meat and food industry, with a focus on sustainability and energy efficiency.

AMSTERDAM – Lineage, Inc. (NASDAQ: LINE) (“Lineage”), the world’s largest global temperature-controlled warehouse REIT, today announced that it has completed the acquisition of Permanor AS, a leading provider of cold storage and logistics solutions in Norway. The acquisition includes Permanor AS’s operations and property in Haugesund and Brumunddal, further strengthening Lineage’s footprint in the Nordics market and enhancing its ability to serve the region’s growing food supply chain.

Permanor AS specializes in freezing, thawing, storage, and logistics services, primarily catering to the meat manufacturing industry, alongside handling baked goods and other food commodities. The Haugesund site, originally built in 2009 and expanded in 2018, is strategically positioned near key harbors in Stavanger, Haugesund, and Bergen, supporting efficient distribution. The Brumunddal site, located just an hour north of Oslo, serves as a vital hub for Norwegian food logistics.

The acquisition aligns with Lineage’s commitment to responsible operations, efficiency and innovation in cold storage. Permanor’s Haugesund facility installed over 880 solar panels in recent years, reinforcing its efforts toward energy efficiency and sustainability. Across both sites, the facilities span over 10,000 square meters, offering approximately 24,500 pallet positions to support growing demand.

"Permanor AS’s expertise and strategic locations make it a perfect fit for Lineage as we continue to strengthen our presence in Norway and the broader Nordic region," said Sean Vanderelzen, President of Europe at Lineage. "This acquisition allows us to better serve our customers with end-to-end cold chain solutions while reinforcing our commitment to responsible operations and operational excellence. We’re also thrilled to welcome Hege Skogland Mokleiv, CEO of Permanor and Dagfinn Mokleiv, Technical Manager of Permanor to the Lineage family, bringing a shared passion for innovation, responsibility and excellence that perfectly aligns with our culture.”

Hege Skogland Mokleiv, CEO of Permanor, added: "We’re excited to become part of a bigger family, a family where everyone works together to make our industry greater, more efficient, more sustainable, and more flexible to meet customer needs and changing environments. We found that in Lineage. We love their vision for the industry, and we are happy to be invited into the family."

This acquisition further strengthens Lineage’s presence in Europe and reflects its continued focus on strategic growth through acquisitions, even amid a challenging market environment, reinforcing its position as a global leader in temperature-controlled logistics.

Lineage worked closely with Seven Lakes Partners, acting as financial advisors for the buyside process.

About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet, approximately 7.9 million square meters and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage companies to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.

Forward-Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Media Contact 
Lineage 
Carola Toledo
+34 661103239
ctoledo@onelineage.com 

MWW
Kareena Garg
+44 7946638642
kgarg@mww.com 

Lineage Announces Plans to Expand its U.S. Cold-Storage Network with Long-Time Customer

Lineage Announces Plans to Expand its U.S. Cold-Storage Network with Long-Time Customer

April 30, 2025

Share This ArticleFacebookLinkedInTwitter

Lineage enters a definitive agreement to acquire multiple cold storage warehouses with plans to enter an additional agreement to build two fully automated warehouses in the U.S.

NOVI, Mich. – Lineage, Inc. (NASDAQ: LINE, “Lineage”), the world’s largest global temperature-controlled warehouse REIT, today announced plans to expand its U.S. cold-storage network via a series of new acquisitions, greenfield developments, and enhanced automation implementation.

Namely, Lineage has entered into a definitive agreement to acquire multiple, existing cold storage warehouses in the U.S. from Tyson Foods, Inc. (NYSE: TSN, “Tyson Foods”), building on a longstanding customer relationship with Lineage.

Lineage's strength as a leading global network and automation expert, together with proprietary data science capabilities, aligns with Tyson Foods’ objective to enable a faster, smarter, and more integrated supply chain to meet the demands of an increasingly dynamic, evolving, and growing market.

At or prior to closing the acquisition agreement, Lineage will enter into an additional, multi-year agreement under which it will design, build, and operate two next-generation, fully automated cold storage warehouses in major U.S. distribution markets, which Tyson Foods will occupy as an anchor customer. Under the same agreement, Tyson Foods will begin storing product at Lineage’s newly developed next-generation, fully automated cold storage warehouse in Hazelton, PA, which utilizes LinOS, Lineage’s proprietary warehouse execution technology.

Lineage expects to deploy approximately $1 billion of capital over the coming years on the acquisitions and the new greenfield developments.

Cold Storage Warehouse Acquisitions:
Lineage will acquire and take over operations of four existing cold storage warehouses and other related assets from Tyson Foods for $247 million. These warehouses total approximately 49 million cubic feet with 160 thousand pallet positions, and are located in Pottsville, Pennsylvania, Olathe, Kansas, Rochelle, Illinois, and Tolleson, Arizona. Following the acquisition, Lineage plans to onboard over 1,000 of Tyson Foods’ employees, demonstrating a shared commitment to a values-based culture and service excellence. Over time, as the newly constructed warehouses commence operations, the acquired warehouses will transition to public warehouses as part of Lineage’s global footprint. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.

Greenfield Developments:
Lineage expects to deploy over $740 million to develop the two fully automated cold storage warehouses. The greenfield developments will add more than 80 million cubic feet and nearly 260 thousand pallet positions, expanding Lineage’s scalable logistics capacity across its network.

“This transaction is the result of a longstanding relationship rooted in shared values,” said Greg Lehmkuhl, President and Chief Executive Officer of Lineage. “We’re proud to partner with our valued customer on these landmark agreements, leveraging our global footprint, data-driven approach, LinOS, and automation technology. This is just another example of the unique value we can add to our customers.

“This expansion signals what we see as the next evolution of cold chain operations and reflects the growing demand for smarter, more responsive supply chain networks,” said Lehmkuhl. “We’re creating more than cold storage infrastructure—we’re setting the foundation for agile, intelligent supply chains built for resilience and precision.”

About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.

Forward Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “can,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “build,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “drive,” “should,” “could,” “potential,” “possible,” “opportunity,” “look forward,” “optimistic,” “help” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements include, but are not limited to statements about Lineage’s plans, strategies, initiatives, and prospects and statements about its acquisitions of cold storage warehouses, greenfield developments and enhanced automation implementation, the expected timing of closing of the transaction, the effect of the transaction on Lineage’s cold storage capacity and network capabilities, the expected benefits of the warehousing agreement and Lineage’s expected capital deployment in connection with the transactions, and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated including, but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all; (ii) the failure to satisfy the conditions to the closing of the transaction; (iii) risks that the proposed transaction disrupts current plans and operations of the cold storage warehouses and potential difficulties in employee retention as a result of the transaction; (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement; (v) the ability of Lineage to successfully integrate the cold storage warehouses’ operations; (vi) the ability of Lineage to implement its plans, forecasts, and other expectations with respect to the cold storage warehouses and greenfield developments after the completion of the transaction; (vii) adverse changes in the economic and political conditions or laws and regulations (or the enforcement thereof) in the regions in which Lineage, Tyson Foods or the cold storage warehouses operate and (viii) and any other risks discussed in Lineage’s filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.
 

Investor Relations Contact
Evan Barbosa
VP, Investor Relations
ir@onelineage.com 

Media Contact
Megan Hendricksen
VP, Global Marketing & Communications
pr@onelineage.com 

Lineage Announces Acquisition of Bellingham Cold Storage

Lineage Announces Acquisition of Bellingham Cold Storage

April 02, 2025

Share This ArticleFacebookLinkedInTwitter

NOVI, Mich. – Lineage, Inc. (NASDAQ: LINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced its acquisition of three warehouses totaling approximately 24 million cubic feet and 85 thousand pallet positions from Bellingham Cold Storage (“BCS”). The acquired assets include three locations on the west coast of Washington state: the Bellingham Waterfront Warehouse Center, the Orchard/I-5 Warehouse Center and the Burlington Dry location.  

The acquisition expands Lineage’s network in the US Pacific Northwest region, which today includes 40 strategically located facilities across Washington, Oregon and Idaho. Additionally, the acquisition adds a strategic warehousing footprint at the Port of Bellingham, a critical hub for seafood and agricultural products.

“We are pleased to welcome Bellingham Cold Storage into the Lineage family. This strategic acquisition positions us to better serve customers in the Pacific Northwest and beyond,” said Brian Beattie, President of North America West at Lineage. “Bellingham has long been a cornerstone of the seafood and agriculture industries, and these facilities will allow us to offer additional supply chain solutions for our customers.”

“Lineage has recognized BCS as one of the highest-quality cold chain providers in North America, both for the dynamic nature of our operations as well as our exceptional service. I am confident they will be fantastic stewards of the business, maintaining our excellent track record of customer service and providing a welcoming home to our team members,” said Doug Thomas, President and CEO of Bellingham Cold Storage. “On behalf of the BCS board and leadership team, I would like to express sincere gratitude to those who have contributed to our success over the past 79 years. Looking to the future, I look forward to seeing our combined teams continue to lead the way in employee and customer satisfaction in the cold chain.”

“BCS is an important business in the community of Bellingham, and we look forward to continuing that tradition and supporting the local economy. Additionally, the Port of Bellingham is a valued and long-standing partner to BCS, and we’re committed to further building that relationship,” added Beattie. “Between the Port’s ongoing modernization project and the fantastic, dedicated BCS team members who will join the Lineage team, we have many reasons to be excited about this acquisition. Lineage is better positioned than ever to be the premier cold chain partner in the Pacific Northwest.”

For more information about Lineage’s efforts to build a smarter, more sustainable and efficient food supply chain, visit onelineage.com.

About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.

About BCS
Bellingham Cold Storage (BCS) is a leading provider of temperature-controlled warehousing and logistics solutions, with 3 locations strategically located in the Pacific Northwest. Established in 1946, BCS operates state-of-the-art facilities that support the global food supply chain. Learn more at bellcold.com. 

Forward Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Investor Relations Contact
Evan Barbosa
VP, Investor Relations
ir@onelineage.com 

Media Contact
Christina Wiese
Public Relations Manager
pr@onelineage.com 

Lineage & Nordic Seafood: 30 Years of Growing Together

Lineage & Nordic Seafood: 30 Years of Growing Together

February 20, 2025

Share This ArticleFacebookLinkedInTwitter

For three decades, Lineage (previously Claus Sørensen A/S) and Nordic Seafood have worked to maintain exceptional food quality and safety in the seafood supply chain, and expanded to strategic locations in Europe while minimizing miles spent on the road.

Lineage is on a mission to transform the food supply chain, driven by the goal to reduce waste and help feed the world. This journey has involved strategic partnerships and acquisitions to expand our global network and reach, allowing us to deliver value to our partners and customers alike. A prime example of this vision is our collaboration with Nordic Seafood, a seafood distributor we have shared over three decades of partnership with, rooted in mutual values and a dedication to quality and food safety. Recently, Nordic Seafood has benefited from Lineage’s extensive cold storage network across Europe.

Our enduring relationship with Nordic Seafood illustrates how long-term collaboration can foster growth across borders, delivering greater value to customers and extending mutual benefits well beyond our local beginnings.

Who is Nordic Seafood?

Founded in 1988 in Hirtshals, Denmark, Nordic Seafood has grown into one of Europe’s leading seafood distributors. Known for its reliability, quality and flexibility, Nordic Seafood specializes in sourcing, processing and distributing high-quality seafood globally, with support from a network of sales companies across Europe. Acquired in 2010 by Nissui Corporation, one of the world’s leaders in seafood, Nordic Seafood has continued to thrive by combining industry experience with strategic partnerships.

Due to the dynamic nature of the industry, the collaboration can be dated back to 1993 when Nordic Seafood’s supplier, Atlantic Rejer A/S, was acquired by Claus Sørensen A/S, a Danish company that later was acquired by Lineage. Over the years, this relationship has evolved from a local collaboration focused on cold storage to a multi-national alliance, providing Nordic Seafood with advanced logistical capabilities across Europe.

A Close Collaboration with Lineage from Day One

The collaboration with Lineage started with supporting Nordic Seafood’s cold storage and retail packaging needs for shrimp and mussels in Hirtshals, Denmark. Conveniently situated side by side at the Port of Hirtshals, Lineage and Nordic Seafood enjoy seamless transfers by truck between these port-centric facilities, optimizing their transportation.      
         
“Our teams, who have worked together for years, maintain daily communication, facilitating rapid joint problem-solving and efficient operations”, explains Morten Jensen, General Manager at Lineage Hirtshals.

Over the years, the collaboration expanded to include additional services, driven by our shared commitment to quality and efficiency. For example, we implemented an Electronic Data Interchange (EDI) system, integrated with both companies’ ERP (Enterprise Resource Planning) platforms, helping ensure real-time inventory and order management. To meet Nordic Seafood’s need for complete transparency and traceability, Lineage’s cold storage facility in Hirtshals obtained IFS (International Featured Standards) certification, further cementing both companies’ commitment to food safety and quality.

The Power of a Network: Minimizing Road Miles While Expanding Across Europe

As Nordic Seafood experienced growth and their distribution needs grew, Lineage’s European network played a pivotal role in aiding their expansion.

By 2023, after talks between Nordic Seafood and Lineage’s European management about strategic locations, Nordic Seafood started utilizing one of Lineage’s Belgian facilities for cold storage and container unloading, then expanded to one of our Italian cold storage facilities in 2024. This setup provides Nordic Seafood with reliable storage and transportation options close to critical markets, helping them optimize distribution while reducing road transport requirements.

“Lineage’s extensive cold storage network in Europe has been a key enabler of our growth,” says Lars Hermes Olsen, CEO at Nordic Seafood. “By utilizing their strategically located facilities, we’ve optimized distribution, reduced miles on the road and helped ensure reliable service for our customers in critical markets.”

Growing and Thriving Together

For over 30 years, the relationship with Nordic Seafood has been a story of growth, adaptability and shared vision. Together, we’ve cultivated a smooth-running collaboration, characterized by mutual understanding, flexibility, resilience and a close-knit connection between our teams, who work side by side to resolve challenges.

The food processing and cold chain industries share similar market trends and challenges. Both industries are also facing higher standards and demands for quality and sustainability.

Looking ahead, our mutual focus on sustainability, operational efficiency and quality assurance points to continued success. By leveraging our expanded network across Europe, we remain committed to delivering exceptional service and helping ensure that the global food supply chain is as efficient and resilient as possible.

Lineage grows cold storage network in Western Australia with acquisition of Fremantle City Coldstores

FREMANTLE, Western Australia and NOVI, Michigan – Lineage (the “Company”), (NASDAQ:LINE), the world’s largest temperature-controlled warehouse REIT, confirms its acquisition of Fremantle City Coldstores (FCC), a cold-storage company in Fremantle, Western Australia.

Lineage President for Asia Pacific, Brooke Miller, said the ongoing growth in the cold storage space in the Western Australia market was helping to cement the state as a key component of the company’s long-term strategic growth plan for Australia and Asia-Pacific. 

“With just under 42,000 cubic meters of space, and more than 8,000 pallet positions, FCC will strengthen our cold storage network in Western Australia, alongside our other operating facility in Perth,” Ms Miller said. 

Lineage Regional Vice President for Australia, Morris Guest, said access and proximity to Fremantle Port, Western Australia’s largest general cargo hub, was one of the many advantages of bringing FCC into Lineage’s network.

“With this new facility less than 10km from one of the country’s largest ports, FCC will play a vital role in offering our customers best-in-class service and solutions,” Mr. Guest said.

“We are looking forward to serving our customers through this facility and are proud to welcome FCC’s employees into the Lineage Asia-Pacific team.”

FCC - fully equipped with rooftop solar capacity - primarily services meat and seafood customers and features six blast cells with almost 250,000 kilograms of blast freezing capacity.

Following the FCC acquisition, Lineage now has 15 facilities across Australia.

About Lineage 
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X. 

Forward Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Media Contact
Rhea Brennan 
+61 432 493 467 
Rhea.Brennan@teneo.com 

Lineage Expands Midwest Footprint with Acquisition of ColdPoint Logistics

The transaction will strengthen Lineage’s storage and distribution capability for customers in the greater Kansas City metro area 

NOVI, Mich. – Lineage, Inc. (NASDAQ: LINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, yesterday announced with its third-quarter 2024 earnings it has acquired the assets of ColdPoint Logistics, a provider of cold storage warehousing and transportation solutions. The transaction closed on November 1.

Located in Kansas City, Kansas and previously owned by NorthPoint Development, ColdPoint provides storage, handling, and transportation services for both domestic and foreign markets, including protein, produce, dairy, bakery, and dry goods for frozen and refrigerated products.

“The acquisition of ColdPoint expands Lineage's existing presence in the strategic Kansas City area and enhances our ability to provide an efficient solution for customers along the protein corridor, with direct access to major U.S. ports via onsite rail,” said Greg Lehmkuhl, President and CEO of Lineage. 

“The ColdPoint team is excited about joining with Lineage. The combination of our companies creates an incredible opportunity for our team to grow within a larger organization and provides our customers with access to Lineage’s vast network,” said ColdPoint’s CEO, Aaron Burks. “ColdPoint’s unique intermodal heavyweight model for export to the Pacific Rim through the ports of LA/Long Beach will also be a valuable addition to Lineage’s network and customers.”

ColdPoint’s facility is 621,000 square feet and contains 62,000 pallet positions, as well as 7 blast cells and a standalone boxing room. It is Lineage’s largest deal since going public in July 2024.

For more information about what Lineage is doing to advance a smarter, more sustainable and efficient food supply chain, visit onelineage.com.

About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.

Forward Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Media Contact
Rory Swikle
Senior Vice President, MikeWorldWide
rswikle@mww.com

Lineage Expands Footprint in Belgium with the Strategic Acquisition of Luik Natie

• Lineage completes acquisition of Luik Natie, a provider of cold storage warehousing and transportation services in the Port of Antwerp-Bruges, Belgium.

• The large port-side campus includes a mixture of freezer and cooler facilities along with space for containers. 

• Luik Natie’s terminal is approximately 80% energy independent, generating most of its own energy from wind, solar and battery.

AMSTERDAM – Lineage, Inc. (NASDAQ: LINE) (“Lineage”), the world’s largest global temperature-controlled warehouse REIT, today announced that it has completed the acquisition of Luik Natie, a cold storage and transport service provider located in the Port of Antwerp-Bruges, Belgium. The acquisition expands Lineage’s presence in Belgium and enhances its current capabilities in the region.

Luik Natie operates a collection of facilities on a single campus spanning over 61.000 square meters, generating most of its own energy through wind, solar, and battery sources, in alignment with Lineage’s ongoing focus on reducing emissions. The campus is equipped with advanced freezing and cooling services to keep perishable goods fresh as well as container storage solutions. Additionally, the campus includes a transportation division and offers freight forwarding services, providing an integrated solution for the full supply chain.
   
"The strategic location of Luik Natie at the Port of Antwerp-Bruges - the second largest port in Europe - will help to support our current transport and storage services across Belgium and Europe," said Harld Peters, President of Europe at Lineage. "This acquisition represents a significant step in our ongoing efforts to innovate the global food preservation industry, aiming to maintain the highest quality and safety standards."

“Lineage's acquisition of Luik Natie is a strategic move that expands Lineage’s presence in Europe and opens up new opportunities for both companies. By joining forces, we can provide customers with better and more efficient logistics solutions,” said Stefaan Verhelst, Managing Director of Luik Natie.

This is Lineage’s first acquisition after its IPO on July 25, 2024 and builds upon Lineage’s strong track record of growth through high-quality acquisitions. This acquisition demonstrates Lineage's commitment to supporting global food and retail sectors, leveraging a network that includes more than 480 facilities worldwide.

Lineage worked closely with Seven Lakes Partners, acting as financial advisors for the sale process.

About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 7.8 million square meters and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage companies to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. (onelineage.com)

Forward-Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Media Contact
Nina Bosch 
+31 6 81938713
 nbosch@onelineage.com

Lineage Bolsters its Italian Presence with the Strategic Acquisition of Eurofrigor

JULY 05, 2024

Lineage completes acquisition of Eurofrigor, a top-tier cold storage provider in Controguerra, Italy. 

• This strategic acquisition underscores Lineage's dedication to its European network and enhances its service offerings. 
   

AMSTERDAM – Lineage, (the “Company”), the world’s largest global temperature-controlled warehouse REIT, today announced the successful completion of the acquisition of Eurofrigor - a leading cold storage service provider located in Controguerra, on the central east coast of Italy. The acquisition comes after Lineage’s entry into the Italian market in 2021, and underscores its dedication to its European network and enhances its service offerings. 
 
Eurofrigor operates a facility spanning over 24.000 square meters - an area equivalent to nearly 5 football fields. The facility features services such as storage, tunnel freezing, and comprehensive customs/VAT handling among other value-added services. It currently supports a diverse commodity mix predominantly composed of fish, protein, and vegetables.  
 
Harld Peters, President of Europe at Lineage, expressed the importance of the new acquisition: "Integrating Eurofrigor into the Lineage network not only expands our footprint in Italy but also strengthens our capabilities and service offerings across Europe. The strategic location aligns with our vision to innovate in the way the world preserves and protects the quality of food." 
 
The acquisition further demonstrates Lineage's commitment to supporting global food and retail sectors, leveraging a network that includes more than 480 facilities worldwide.  

About Lineage 
Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage companies to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.

Media Contact
Nina Bosch 
+31 6 81938713
nbosch@onelineage.com

SHARE THIS ARTICLE Facebook LinkedIn Twitter

Lineage Adds Capacity in Strategic U.S. Market with New Facility near Phoenix

March 28, 2024 – Lineage, one of the world’s leading temperature-controlled industrial REITs and integrated solutions providers, today announced the strategic expansion of its warehousing network with a new site in Waddell, Arizona nearing completion.

The new facility is Lineage’s first public warehouse in the Phoenix market and, coupled with the company’s integrated solutions that facilitate seamless movement of products, will allow it to expand storage capacity and distribution capabilities across the Southwestern United States, including the highly populated Greater Los Angeles area.

“The strategic positioning of our facility in Arizona underscores Lineage’s continued efforts to effectively serve our customers in the Southwest and beyond with end-to-end solutions that address all aspects of their supply chains,” said Brian Beattie, President, North America West at Lineage. “We look forward to further deepening our customer partnerships in the area and addressing the crucial need for advanced cold-storage operations.”

Constructed by Cold Summit Development and located at 9600 N. 151st Avenue, the Waddell facility will span approximately 170,000 square feet and include 28,000 pallet positions. Complete with 20 dock doors, double deep racking, drop trailer/container plug-ins, and more, the facility can be converted from -20°F to 50°F for storing a variety of temperature-sensitive products.

In addition to cold storage, the facility will offer comprehensive and customized services designed to cater to the diverse needs of its customers including case picking, cross-docking, defrosting/tempering, temperature reduction, transloading and managed transportation. Full EDI capabilities and WMS technology will help further maximize operational efficiency and streamline cold-storage processes.

Lineage expects the new Waddell facility to begin operating in July 2024.

About Lineage
Lineage is one of the world’s leading temperature-controlled industrial REITs and integrated solutions providers with a global network of over 480 strategically located facilities, totaling nearly 2.9 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling industry-leading expertise in end-to-end logistical solutions and innovative technology, Lineage partners with the world’s largest food and beverage companies to increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage has been named a CNBC Disruptor 50 Company for three consecutive years, twice named a US Best Managed Company, named the No. 1 Data Science company, and 23rd overall, on Fast Company’s list of The World’s Most Innovative Companies, and was included on Fortune’s Change the World list.

Media Contact
Christina Wiese
734-608-1855
cwiese@onelineage.com

SHARE THIS ARTICLE Facebook LinkedIn Twitter

Lineage expects to strengthen its Nordic network with groundbreaking of an expansion of Vejle facility in Denmark

Vejle, Denmark – March 6, 2024 – Lineage (the “Company”), one of the world’s leading temperature-controlled industrial REITs and integrated solutions providers, announces the groundbreaking of an expansion of its Campus Vejle facility in Denmark to support meeting demands of its customers in the frozen food sector.

The strategic location of Lineage Campus Vejle forms gravity centre for customers importing and exporting frozen food products cross-border. This is because Vejle serves as a central point, with a large part of the frozen retail market concentrated within a 30-kilometer radius. The city itself serves as a large hub for Danish retailers. Moreover, Vejle provides efficient access to major ports in the region, such as Aarhus and Hamburg, enhancing customers' connectivity for their logistical needs.

Lineage’s expansion of the frozen food facility is expected to include 10,000 EUR pallet spaces to help cater for requirements of existing customers. The existing Campus Vejle facility offers blast freezing, often an important feature for food producers, as well as case picking, ensuring safe and efficient product handling and packing for retail customers.

“The groundbreaking of our Vejle expansion marks Lineage’s continued efforts to support our customers' global supply chains,” said Harld Peters, President of Lineage Europe.

Carsten Wolf, Regional Vice President Nordic Region at Lineage said: “We recognize the significant concentration of frozen food products moving into and out of the region. The expansion of our Vejle facility is expected to help allow us to effectively address the needs of our customers, extending not only to retailers but also to food producers and suppliers who seek proximity to their end customers.”

Lineage entered the Nordic region of Europe in 2020 with the acquisition of Kanalholmen 15 (“Kanalholmen”), a large cold storage facility located in the Avedøre Holme industrial area of Hvidovre. Currently, Lineage operates a robust network of  temperature-controlled logistics facilities across Denmark and Norway.
 

About Lineage

Lineage is one of the leading temperature-controlled industrial REITs and integrated solutions providers with a global network of over 400 strategically located facilities, totaling more than 2.5 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling industry-leading expertise in end-to-end logistical solutions and innovative technology, Lineage partners with the world’s largest food and beverage companies to increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage has been named a CNBC Disruptor 50 Company for three consecutive years, twice named a US Best Managed Company, named the No. 1 Data Science company, and 23rd overall, on Fast Company’s list of The World’s Most Innovative Companies, and was included on Fortune’s Change the World list. (www.onelineage.com)

Contacts

Lineage
Nina Bosch
+31 6 81938713
nbosch@onelineage.com

MWW
Alizia Walker
+447916569156
lineage@mww.com

SHARE THIS ARTICLE Facebook LinkedIn Twitter