Lineage Logistics, Colton, Calif., signed a definitive agreement to purchase Millard Refrigerated Services, a national third-party warehousing and logistics company headquartered in Omaha, Neb. With the acquisition of Millard, Lineage will expand its network by 30 strategic locations and increase its footprint to more than 21 million total square feet and more than 518 million cubic feet of cold storage capacity. Financial terms of the transaction were not disclosed. The deal is expected to close within the next 30 days.
“Bringing Millard into the Lineage family will give us additional scale to support our growth and increase our investment in innovative technology, logistics offerings and our facilities, while adding talented management to our team. As a result, our customers will have unparalleled geographic and service capabilities in major logistics centers throughout the country with individually-designed solutions to fit their needs,” says Bill Hendricksen, chief executive officer for Lineage Logistics. “Millard’s highly reputable operations and dedicated focus on service makes the company a great fit for Lineage.”