Lineage Logistics

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Lineage Logistics
private
IndustryWarehousing and supply chain logistics
FoundedApril 18, 2012; 7 years ago (2012-04-18) in Colton, California, United States
HeadquartersNovi, Michigan
Area served
North America, Europe
Key people
Greg Lehmkuhl, CEO and president
Number of employees
7,200 (2018)[1]
ParentBay Grove Capital, LLC
Websitelineagelogistics.com

Lineage Logistics is an international warehousing and logistics company owned by Bay Grove, LLC.[2][3][4][5] The "second-largest global refrigerated storage company,"[6] it has around 100 facilities in North America[7] and warehouses in the Netherlands, the United Kingdom, and Belgium.[8]

History[edit]

The company was founded on April 18, 2012 by American investment firm Bay Grove Capital, LLC, through the consolidation of acquired warehousing and logistics companies,[1] beginning, in December 2008, with the purchase of Seafreeze from Toyo Susian Kaisha. The company then acquired CityIce, in 2009, and Flint River Services, in 2010, followed, in 2011, by Terminal Freezers of Santa Maria, California, and Richmond Cold Storage, purchased from Atlanta Equity; founded in 1907 in Richmond, Virginia, the latter then become its earliest predecessor company.

Lineage Logistics was formed with the fifth largest network of temperature-controlled warehouse facilities in North America, according to International Association of Refrigerated Warehouses (IARW) rankings, with 40 facilities in eight states, including near international ports at Savannah, Georgia, Seattle, Washington and Norfolk, Virginia; warehouse management; consulting; and food processing support.[1]

In 2012, the company acquired Stanford Refrigerated Warehouses and Castle & Cooke Cold Storage; Bill Hendricksen of Castle & Cooke then joined Lineage as CEO.[9] Hendricksen was succeeded by W. Gregory Lehmkuhl, in July 2015.[10]

In 2017, Lineage announced moving its headquarters from Irvine, California to Novi, Michigan.[11]

Operations[edit]

In April 2013, the company received a $220 million loan,[12] and acquired Seattle Cold Storage and a University Park, Illinois facility.[13].

By 2014, most Lineage customers were food producers requiring cold chain warehousing, transportation, and logistics; to meet demand, the company concentrated on automation and acquisition.[14]

In March 2014, the company agreed to purchase Millard Refrigerated Services for about $1 billion, its largest acquisition to date,[14] making Lineage "the second-largest temperature-controlled warehousing and logistics company in the world."[15] Lineage then acquired Loop Cold Storage, Oneida Cold Storage & Warehouse, Murphy Overseas, and two facilities in Watsonville, California from Dreisbach Enterprises and, that September, opened a new temperature-controlled warehouse in Santa Maria, California.[5]

By 2015, Lineage's facility network was ranked the second largest in the world by the International Association of Refrigerated Warehouses. With 111 facilities in 21 states, Lineage also ranked as the second largest temperature-controlled warehousing and logistics company in the United States.[10] In January 2015, Lineage scaled its Pacific Northwest facilities with the acquisition of cold storage company Columbia Colstor, headquartered in Moses Lake, Washington.[16]

In May 2016, the company opened a $150 million temperature-controlled warehouse in North Charleston, South Carolina, near the Port of Charleston,[3] then, in August, acquired Consolidated Distribution Corporation of Lombard, Illinois,[10] making Lineage the largest customized redistribution network in the United States.[17] Two months later, it was reported that Lineage was considering locating a large facility at New Century AirCenter in Gardner, Kansas.[18] but the proposed location resulted in lawsuits from local residents,[18] and Lineage scrapped the project in November 2017 "due to a change in customer needs."[18][19], though the project had received unanimous approval from county commissioners in July.[18][19]

In June 2017, Lineage made its first international acquisition with European Partner Logistics, then the largest automated cold storage company in the world, adding warehouses in the Netherlands, Belgium, and the United Kingdom,[20] The company also purchased facilities from American Cold Storage, in the American Midwest, and eight Los Angeles, California area warehouses from U.S. Growers Cold Storage,[2] raising its employee roster to 7,200, with Lineage operating 120 temperature-controlled storage facilities.[1]

In April 2018, Lineage began building its first fully automated North American facility in Sunnyvale, Texas[7] and, in May, announced expansion to its Henderson, Colorado facility.[4]

During 2018, the company acquired 24 companies, including The Yearsley Group, the UK's largest Cold Storage and Haulage supplier, maintaining its second-largest status.[21] The company also sold minority stakes worth $700 million. Company real estate holdings were estimated at $4 billion in value.[6]

Facilities[edit]

Lineage Logistics is headquartered in Novi, Michigan, with offices in San Francisco and Irvine, California, Omaha, Nebraska, and Richmond, Virginia, and about 100 facilities in North America,[7] including in 23 U.S. states,[21] and warehouses in the Netherlands, the United Kingdom, and Belgium.[8] Its distribution centers include services such as blast freezing of perishable goods.[3]

References[edit]

  1. ^ a b c d Shwanika Narayan. "Big Chunk of Vernon Cold Storage Changes Hands". Los Angeles Business Journal; December 8, 2017
  2. ^ a b "Lineage Logistics acquires eight Los Angeles area facilities from U.S. Growers Cold Storage". Modern Materials Handling. December 4, 2017. Retrieved October 2, 2018.
  3. ^ a b c David Wren (May 31, 2016). "Chilling, at last". The Post and Courier. Retrieved October 2, 2018.
  4. ^ a b Tyrone Richardson (July 24, 2014). "Construction starts on cold-storage facility in North Charleston". The Post and Courier. Retrieved October 2, 2018.
  5. ^ a b Michael McCone (October 8, 2014). "Spotlight on: Lineage Logistics". Santa Maria Sun. Retrieved October 2, 2018.
  6. ^ a b "Cold-Storage Specialist Lineage Logistics Sells $700 Million Minority Stake". Wall Street Journal. July 17, 2018. Retrieved October 2, 2018.
  7. ^ a b c Steve Brown (April 12, 2018). "Robotic food shipping hub being built in Sunnyvale". Dallas News. Retrieved October 2, 2018.
  8. ^ a b "Lineage Logistics". Bloomberg. Retrieved October 2, 2018.
  9. ^ Beina Xu (July 11, 2012). "Cool Deal: Lineage Logistics Acquires Castle & Cooke Cold Storage". The Wall Street Journal. Retrieved October 2, 2018.
  10. ^ a b c William B. Cassidy "Con-way's Lehmkuhl to join Lineage Logistics as CEO", JOC Group Inc. Jun 18, 2015.
  11. ^ Annalise Frank "California-based logistics firm to move to Novi", Crain's Detroit Business, March 23, 2017.
  12. ^ "Lineage Logistics to Use $220M Loan to Refinance, Fuel Acquisitions". The Wall Street Journal. April 12, 2013. Retrieved October 2, 2018.
  13. ^ "Lineage Logistaics Acquires Seattle Cold Storage" Bay Grove, LLC, April 3, 2013. Access February 14, 2019.
  14. ^ a b Dana Mattioli (March 12, 2014). "Lineage Logistics Reaches Deal to Buy Millard Refrigerated". The Wall Street Journal. Retrieved October 2, 2018.
  15. ^ "Lineage Logistics To Open LEED-Certified Cold Storage Facility In California", Food Logistics, Jan 23, 2014.
  16. ^ Richard Byrd "Columbia Colstor acquired by California company", SunTribune, January 13, 2015.
  17. ^ Refrigerated Transporter "Lineage Logistics LLC purchases Consolidated Distribution Corporation", Aug 2016.
  18. ^ a b c d Roxie Hammill (May 26, 2017). "Cold storage business seeking tax abatement to build at New Century AirCenter". The Kansas City Star. Retrieved October 2, 2018.
  19. ^ a b Lynn Horsley (November 2, 2017). "Was it public protest or business decision that halted controversial Olathe project?". Kansas City Star. Retrieved October 2, 2018.
  20. ^ Market Watch "U.S.-Based Lineage Logistics Acquires European & United Kingdom Automated Warehouse Leader Partner Logistics", Jun 15, 2017.
  21. ^ a b "History", Bay Grove LLC

External links[edit]