Lineage enters the Italian cold storage market with the acquisition of Kantaro SRL
November 03, 2021
Lineage’s acquisition of Kantaro marks its entry into the Italian market
Italy adds to Lineage’s growing European footprint, strengthening the company’s presence in Southern Europe
Kantaro is strategically located in the heart of Northern Italy’s food production region
Novi, MI and Amsterdam, the Netherlands – Lineage LLC (or the “Company”), a leading global temperature-controlled industrial REIT and logistics solutions provider, today announced it has acquired Kantaro SRL, a cold chain warehousing provider in Italy, from Interporto Rivalta Scrivia. The acquisition includes three warehouses in Nocetolo, in the middle of Italy’s key food province of Reggio Emilia between Parma and Bologna – all a few kilometres from Italy’s main national highway.
The acquisition marks Lineage’s presence in the Italian cold storage market, complementing the Company’s existing European footprint which currently covers Spain, France, Belgium, the Netherlands, Germany, Denmark, Norway, Poland and the UK.
Kantaro’s three warehouses are located on a plot covering more than ten hectares, with the possibility to expand on another nine hectares, providing a mix of frozen, cold and dry storage. Currently, it principally provides cold-storage warehousing for supermarket retail and ice cream customers.
“Italy is a key food production and distribution market, and our expansion into the country marks another important milestone for Lineage. With the acquisition of Kantaro SRL, we can better serve our customers and provide future opportunities for strengthening our network across Europe,” said Harld Peters, Senior Vice President for Europe at Lineage.
“I strongly believe that further expanding the temperature-controlled warehousing market will bring numerous opportunities for Lineage in Italy,” said Bodart Andreas CEO Interporto Rivalta Scrivia. “Their commitment to innovation and sustainability is second to none, it makes Lineage exceed customer expectations and make a global impact.”
Ernst & Young represented Interporto Rivalta Scrivia in the sale of Kantaro to Lineage and DLA Piper served as legal advisor. Rabobank served as Lineage Logistics financial advisor and Latham and Watkins its legal advisor.
With its entry into the Italian market, Lineage owns and operates in 19 countries across North America, Europe, Asia, Australia and New Zealand.
About Lineage: Lineage is a leading temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totalling over 60 million cubic metres of capacity which spans 19 countries across North America, Europe and Asia-Pacific. Lineage’s expertise in end-to-end logistical solutions, its unrivalled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.onelineage.com)