May 28, 2020Lineage Logistics acquires Henningsen to increase Pacific Northwest footprint
Lineage Logistics has announced it has signed a definitive agreement to acquire Henningsen Cold Storage Co.
The acquisition adds to the Lineage’s large U.S. facility network and bolsters its presence in the Pacific Northwest, with the addition of 14 facilities across Oregon, Washington, Idaho, Pennsylvania, North Dakota and Oklahoma. Financial terms of the transactions were not disclosed.
Henningsen Cold Storage, which was founded in 1923 by Waldemar F. Henningsen, Sr., originally operated under the name Northwestern Ice & Cold Storage.
“We have known the Henningsen family since our earliest days in the cold chain industry and have deep respect for the business, culture and reputation they have built over generations,” Kevin Marchetti, co-founder of Lineage Logistics and Bay Grove, said through a press release. “When we founded Lineage a little over 11 years ago, we looked to emulate companies like Henningsen that built their company with a long-term mindset. With this transaction, we will bring together two companies with that type of approach and make them both even stronger together.”
The transaction is expected to close in the coming months, subject to customary closing conditions.
About Lineage Logistics
Lineage is the world’s largest provider of temperature-controlled logistics solutions. Lineage’s expertise in end-to-end logistical solutions, its vast real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste. As a result, Lineage helps customers ranging from Fortune 500 companies to small family-owned businesses increase the efficiency and protect the integrity of their temperature-controlled supply chain. In recognition of the company’s leading innovations, Lineage was recognized as the No 1. Data Science company on Fast Company’s Annual list of The World’s Most Innovative Companies in 2019, in addition to ranking 23rd overall in an evaluation of thousands of companies worldwide. (www.lineagelogistics.com)
About Henningsen Cold Storage
Henningsen is a professionally managed, multi-generational family-owned company that is committed to delivering quality, reliable service and solutions to make lives easier for its customers and associates. Henningsen’s commitment also extends to leading the industry in associate and food safety, energy efficiency, and refrigeration technologies. Henningsen has received numerous awards and recognition from industry including Mass Mutual’s National Family Business of the Year Award. (www.henningsen.com)