Lineage Logistics, the global market leader in logistics and cold storage, expands its European network with the acquisition of Van Tuyl Logistics.
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.
Van Tuyl Logistics is a Dutch provider of temperature-controlled logistics based in Gameren that provides refrigerated and frozen transport, employing a modern fleet of 60 trucks and 90 trailers with a self-owned repair station, as well as warehousing services for 30,000 pallet spaces at different temperatures.
“We are pleased to welcome Van Tuyl Logistics into the One Lineage Family as we continue to build momentum and further expand our European operations. The Netherlands remains a critical hub for the food cold chain within the European market, given its central location and accessibility to key seaports and inland terminals. Accordingly, the addition of Van Tuyl will help Lineage to connect more points across our customers’ extended supply chains.”
– Harld Peters, Senior Vice President, Europe at Lineage.
Would you like to know more about this acquisition? Click here to read the statement issued by Lineage Logistics.
Crossminds performed the financial due diligence. The Crossminds team consisted of Arjen van de Velde, Pieter Poortvliet, Jochem Havelaar, Lars van Heeren, Niels Meijer, Donna van der Ven and Tim Crucq.
We collaborated closely with Lineage and Bay Grove, the American private equity firm behind Lineage and Bay Grove.
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