Lineage Logistics Acquiring European Cold Storage Company Kloosterboer Group
Lineage Logistics has reached an agreement to acquire Kloosterboer Group, a leading independent integrated platform for temperature-controlled storage, logistics and value-added services in Europe, Canada and South Africa. The transaction is subject to regulatory clearance and completion of the employee consultation process.
Kloosterboer consists of eleven facilities across the Netherlands, France, Germany, Canada and South Africa, totaling 226 million cubic feet of capacity and 790,000 pallet positions and employing over 900 team members. A family-owned company with a rich legacy as a vegetable trading company dating back to 1925, Kloosterboer has grown over generations to become one of Europe’s best-known supply chain solutions companies. The Kloosterboer family will continue to be involved in the future of the Company, choosing to become investors in Lineage and rolling a part of their sale proceeds into Lineage equity.