Lineage Expands through Auscold Logistics Acquisition in South Australia
December 21, 2021
Auscold Logistics acquisition enhances Lineage’s facility footprint and ability to provide South Australia linehaul solutions
Best-in-class temperature-controlled transport and storage assets provides more capacity and options for Lineage’s Australian customers
Australia - Lineage, LLC, a leading global temperature-controlled industrial REIT and logistics solutions provider, today announced it has acquired Auscold Logistics, a major South Australian transport and warehousing company. Financial terms of the transaction were not disclosed.
The acquisition includes a state-of-the-art warehouse in Adelaide and a fleet of over 70 GPS tracked, temperature-controlled trucks, providing customers daily dry, chilled and frozen transport to Australia’s capital cities and major regional centres. The integration will complement Lineage’s regional distribution centre in Adelaide, providing Lineage’s customers with a total of 32,000 sqm of cold storage capacity and 27,700 pallet positions across the two facilities.
The Auscold Logistics business offers a full suite of quarantine-approved, multi-temperature storage across more than 11,000 frozen and refrigerated pallets and a 3,600sqm chilled cross dock area. Additionally, the South Australian company transports goods including confectionery, pharmaceutical products, and frozen, chilled and fresh produce.
“The Auscold business will broaden our reach across the nation, particularly in southern Australia, and greatly benefit South Australian businesses’ supply chains,” Mr Jeff Hogarth, Senior Vice President Asia Pacific at Lineage, said.
“This acquisition is a key development in our plans to bring best-in-class cold storage companies into the Lineage family to connect the end-to-end supply chain dots for customers,” he said.
Lineage entered the Australian market in 2019 when it acquired Emergent Cold. The company has operations in NSW, Victoria, Queensland, South Australia and Western Australia.
For further information please contact Nigel Kassulke on +61 407 904 874.
About Lineage: Lineage is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totalling over 2 billion cubic feet of capacity which spans 19 countries across North America, Europe and Asia-Pacific. Lineage’s industry-leading 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 leading 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.lineagelogistics.com)