The acquisition is a strategic move that expands Lineage’s presence in Belgium and enhances its capabilities in the region, while opening up new opportunities for both companies to provide customers with efficient logistics solutions.
Luik Natie operates a collection of facilities on a single 61,000 square metre campus that generates most of its own energy through wind, solar, and battery sources, in line with Lineage’s focus on reducing emissions. The campus is equipped with advanced freezing and cooling services to keep perishable goods fresh, as well as container storage solutions. It includes a transportation division and offers freight forwarding services, providing an integrated solution for the entire supply chain. Its strategic location at the Port of Antwerp-Bruges will help to support Lineage’s transport and storage services throughout Belgium and Europe.
“Congratulations to Lineage on the completion of this strategic acquisition, the first following the recently completed IPO. As always, it has been a pleasure to work together on this deal, which builds on Lineage’s strong track record of growth through high-quality acquisitions and represents an important step in the company’s efforts to innovate the global food preservation industry”, says Corporate M&A partner Joost den Engelsman.
About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehousing REIT with a network of over 480 strategically located facilities totaling over 7.8 million square meters and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage companies to help increase distribution efficiency, advance sustainability, minimise supply chain waste, and feed the world.