Multinational cold storage and logistics firm Lineage has announced its acquisition of Cold Storage Nelson Limited (CSN).
Cold Storage Nelson adds to Lineage’s New Zealand operations in cold storage services, catering to producers of marine, agricultural, horticultural and manufactured food products, predominantly for export markets.
Financial terms of the transaction were not disclosed. The deal received Commerce Commission clearance in June.
Lineage global chief Operations officer Jeff Rivera says Cold Storage Nelson adds industry-leading skills in inventory control, compliance and traceability.
“CSN’s facilities, combined with our industry-leading technology and innovation, will assist New Zealand customers to navigate increasing supply chain demands in New Zealand and internationally. We look forward to working closely with CSN’s customers on these new opportunities.”
Rivera says expanding Lineage’s footprint in Asia-Pacific through New Zealand, as a major primary produce exporting nation, has been a long-term strategic goal for the Company.
Lineage in New Zealand now has integrated assets in Auckland, Tauranga, Hawkes Bay, Nelson, Christchurch, Timaru, and Dunedin.
Lineage is focused on further building out its New Zealand and Asia-Pacific footprint, Rivera adds.
The company has a global network of over 400 strategically located facilities totalling over two billion cubic feet of capacity which spans 20 countries across North America, Europe and Asia-Pacific.
