Lineage Logistics acquiring Henningsen Cold Storage
Lineage Logistics, a provider of temperature-controlled logistics solutions, recently signed a definitive agreement to acquire Henningsen Cold Storage.
Lineage, founded and managed by Bay Grove, said the acquisition adds to its US facility network and bolsters its presence in the Pacific Northwest, with the addition of 14 facilities across Oregon, Washington, Idaho, Pennsylvania, North Dakota and Oklahoma. Financial terms of the transactions were not disclosed.
“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.”
Following closing of this transaction, and pending the close of a previously announced transaction, the combined company will feature more than 1.9 billion cubic feet of temperature-controlled capacity across 311 facilities in 11 countries, with a global footprint that spans North America, Europe, Asia, Australia and New Zealand.
Henningsen, founded in 1923 by Waldemar F Henningsen Sr, originally operated under the name Northwestern Ice & Cold Storage, and stands today as a fifth-generation family business with a legacy of reliability and long-standing relationships with customers.
“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,” said Kevin Marchetti, co-founder of Lineage Logistics and Bay Grove. “When we founded Lineage a little over 11 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.”
Paul Henningsen, president of Henningsen Cold Storage, said his company is thrilled to join Lineage.
“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,” he said. “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.”
