Lineage Logistics, the world’s largest player in the field of logistics and cold storage, strengthens its position with the acquisition of Kloosterboer Group, especially in Europe. Kloosterboer Group operates through 11 facilities in the Netherlands, France, Germany, Canada and South Africa.
Lineage has more than 300 storage facilities worldwide and serves customers with activities throughout the food and short-life sectors. This ranges from Fortune 500 companies to growing, regional food producers. The company handles and stores a variety of products and also acts as a distribution partner for various companies in the food industry. Lineage’s transportation division also offers integrated transportation solutions for various complex supply chains.
Kloosterboer has been active since 1925 and operates through 11 facilities in The Netherlands, France, Germany, Canada and South Africa with a total storage capacity of 6.4 million cubic metres, 790,000 pallet locations and over 900 employees. The company’s head office is located in Rotterdam. In addition to its cold storage activities, the Kloosterboer Group also exploits other activities such as the blending of fruit juices.
Lineage already acquired the Norwegian activities of Kloosterboer in 2020, on which Crossminds also advised Lineage.
“Welcoming Kloosterboer into the Lineage family marks a monumental step toward achieving our vision of becoming the world’s most dynamic temperature-controlled logistics company with the capability to serve customers in different countries around the world,” commented Mike McClendon, Lineage’s President of International Operations & EVP of Network Optimization.
See the article Lineage Logistics wrote about this transaction.
Crossminds performed the financial due diligence. The Crossminds team consisted of Pieter Poortvliet, Arjen van de Velde, Lars van Heeren, Martin de Jong, Niels Meijer, Jochem Havelaar and Tim Crucq.
Throughout the process, there was close cooperation with Lineage and Bay Grove, the American Private Equity party behind Lineage and the other advisors.
Crossminds is proud to be a part of Lineage’s international growth.