Cold storage and logistics company Lineage has acquired Kansas City, Kansas-based ColdPoint logistics – a provider of cold storage, warehousing, and transport solutions – for USD 223 million (EUR 212 million).
Lineage announced the acquisition in its Q3 2024 results – the first such presentation since the company filed registration to go public in July 2024. The company said the transaction closed on 1 November and represents its largest deal since it went public.
“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,” Lineage CEO Greg Lehmkuhl said.
ColdPoint has a 621,000-square-foot facility containing 62,000 pallet positions, along with blast cells and a standalone room for boxing.
“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,” ColdPoint CEO Aaron Burks said.
Alongside the purchase, Lineage revealed its Q3 2024 results and the results of its IPO. Lineage said it raised ...
