Lineage Logistics has more than 400 coldstores in around 16 countries worldwide and serves customers with activities in the entire food and perishable goods industries. The group, which is owned by investment company Bay Grove, has grown rapidly in recent years, partly through various acquisitions. Lineage Logistics recently raised € 1.5 billion from various investors to finance further growth and innovation.
Frigocare Rotterdam is a company that specialises in processing the import of frozen fish, which mainly originates from the North Atlantic Ocean and Asia, with as final destination the port of Rotterdam.The company provides the following services aside from storage: container reception, border inspection, sorting, palletizing, (re)packing and (un)loading of various delicate cargo, mostly seafood, under EU-license. The facility is located near an existing Lineage facility in the port of Rotterdam and will add 15,000 pallet positions to Lineage’s operations in Rotterdam.
Would you like to know more about this acquisition? Click here to read the statement issued by Lineage Logistics.
Crossminds carried out the financial due diligence. The Crossminds team consisted of Arjen van de Velde, Jochem Havelaar and Pieter Poortvliet.
During the process we cooperated closely with Lineage and Bay Grove, the American Private Equity party behind Lineage and the other advisors.