Lineage Logistics Launches its Canadian Platform Through the Acquisition of Ontario Refrigerated Services
The transaction marks Lineage’s entrance into the Canadian cold storage market.
Lineage Logistics, (“Lineage” or the “Company”), has signed a definitive agreement to acquire Ontario Refrigerated Services, Inc. (“ORS”), a leading family-operated cold storage company offering temperature-controlled space in the Greater Toronto market, marking Lineage’s entrance into the Canadian market. Financial terms of the transaction were not disclosed.
Established in 2003 by Founder and President Roger Kropf and Controller and CGA Accountant Kate Kropf, ORS is a leading cold storage partner with its long-tenured customer relationships and wholly-owned facilities strategically located near customers’ production facilities. The acquisition of ORS includes four young and modern facilities within 150 km (~93 miles) of Toronto that collectively offer 510,000 square feet (16.2 MM cubic feet) and 100,000 pallet positions of refrigerated capacity.