Lineage Logistics, one of the world’s leading logistics solutions providers has announced that they have reached an agreement to acquire Kloosterboer Group, media reports said. The agreement will see both parties combine their highly strategic and complementary European facilities to support the future growth of their cold chain business. As of this writing, the agreement is subject to regulatory clearance and completion of the employee consultation process.
Kloosterboer Group has eleven facilities that are spread across the Netherlands, France, Germany, Canada, and South Africa. With a total area of 6.4 million cubic meter of facilities, the company has 790,000 pallet positions and around 900 employees. Kloosterboer Group is a family-owned business and is regarded as one of Europe’s finest supply chain solutions companies.
Mike McClendon, Lineage’s president of international operations and executive vice president of network optimisation told the media, “Welcoming Kloosterboer into the Lineage family marks a monumental step toward achieving our vision to become the world’s most dynamic temperature-controlled logistics company with the capability to serve customers in different countries around the world. Kloosterboer’s strong entrepreneurial culture and management team, combined with their state-of-the-art, strategically located facility network perfectly complement Lineage’s international footprint and innovative spirit, which will deliver incredible value to our combined customers.”
After signing this agreement, the Kloosterboer family will still be involved in the future of the company since they chose to become investors in Lineage Logistics. Keeping in line with Lineage Logistics’ aim to transform the food supply chain to eliminate food waste and help fight world hunger.
Kloosterboer is recognised by Building Research Establishment Environmental Assessment Methodology (BREEAM) as one of the frontrunners of sustainable cold store operations and their network features an impressive number of 18,000 solar panels, four wind turbines, and an annual reduction of Co2 consumption that equals over 4,100 households.
Image credits – Lineage Logistics