Lineage Logistics Announces Acquisition of Henningsen Cold Storage Co.
NOVI, MI - Lineage Logistics is continuing to expand its operations after acquiring another cold storage dynamo. This week, the provider of temperature-controlled logistics solutions acquired Henningsen Cold Storage Co., adding to its expansive U.S. facility network and bolstering its presence in the Pacific Northwest.
“We are honored to welcome the Henningsen team to the Lineage family and to serve our combined customer bases across additional points in their food supply chains,” said Greg Lehmkuhl, President and Chief Executive Officer of Lineage. “Our organizations share a commitment to excellence, doing business with integrity, and finding sustainable ways to run our businesses, and I look forward to seeing how our strong operational and cultural foundations will propel us into the future.”
Kevin Marchetti, Co-Founder of Lineage Logistics and Bay Grove, added, “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. When we founded Lineage a little over eleven 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.”
As part of the agreement, Lineage will be adding 14 facilities across Oregon, Washington, Idaho, Pennsylvania, North Dakota, and Oklahoma, which builds on its existing 1.9 billion cubic feet of temperature-controlled capacity across 311 facilities in 11 countries.
Henningsen Cold Storage Co., which was founded in 1923 by Waldemar F. Henningsen, Sr., originally operated under the name “Northwestern Ice & Cold Storage Inc.,” and stands today as a fifth-generation family business with a legacy of reliability and long-standing, excellent relationships with customers, according to a press release.
“On behalf of the entire Henningsen family, we are thrilled to be joining Lineage,” said Paul Henningsen, President of Henningsen Cold Storage Co. “We chose Lineage because we believe it will be the best way to strengthen our partnerships with customers by providing access to an unrivaled international facility network, extensive technology and automation resources, as well as a robust suite of supply chain solutions. I am incredibly proud of our organization and the customer and employee centric reputation we have built over many years. I’d like to thank the entire Henningsen team for their continued efforts and dedication to our business, and I can’t wait to see what the future holds for us as part of Lineage.”
The transaction is expected to close in the coming months, subject to customary closing conditions.
How will Lineage Logistics' latest acquisition affect the industry's cold storage market? AndNowUKnow will continue to report.