Lineage Logistics Holdings, LLC, Novi, Mich., acquired Yearsley Group Ltd., a UK-based temperature-controlled logistics service provider and frozen food distributor.
“Yearsley has demonstrated a strong commitment to developing longstanding, bespoke customer relationships that [are] consistent with how we do business at Lineage. Bringing Yearsley into the Lineage family enables us to better serve customers in the UK market and further reinforces our international logistics capabilities,” says Greg Lehmkuhl, president and CEO of Lineage Logistics.
“Our acquisition by Lineage is a tremendous opportunity for Yearsley customers and employees alike,” says Jonathan Baker, chief executive of Yearsley Group. “Lineage’s commitment to innovation and service is unmatched, and we are excited to strengthen our ability to partner and grow with customers on a global scale unlike ever before.”
“We see tremendous alignment between our two organizations, not only in our capabilities to diligently serve customers’ extended supply chains, but also in our dedication to supporting a values-based culture that empowers our growing international workforce,” Lehmkuhl adds. “Together, we are unquestionably the highest-caliber team in the cold storage space, and we are best positioned to creatively solve our customers’ most complex logistics needs.”
Yearsley operates a network of 12 cold stores and over 300 vehicles nationwide.
Also included in the transaction is Yearsley Food, a frozen food supplier that supports customers across retail, foodservice, food manufacturing and export channels nationwide.