International warehousing and cold chain specialist Lineage Logistics, LLC has acquired eight temperature-controlled warehouses from Los Angeles storage company U.S. Growers Cold Storage.
The companies declined to disclose the financial terms of the transactions.
The eight newly acquired locations encompass over 12 million cubic feet of capacity in the Los Angeles area, and are accessible to Southern California’s major freeways, rail facilities and ocean container terminals, including the 250,000 square-foot transload facility that Lineage operates at the Port of Long Beach.
The acquisitions, Lineage said, give the firm significant more capacity to its facility network in Southern California, and provide increased storage flexibility. Additionally, they help strengthen its ability to customize high-impact supply chain solutions for customers by leveraging its expanded Southern California facility network of over 20 locations, Lineage said.
“This acquisition further represents Lineage’s commitment to grow with customers and optimize their supply chains in a desirable core market,” Lineage Logistics President and CEO Greg Lehmkuhl explained. “Our aim has, and always will be, to consistently provide the space and solutions when and where our customers need it.”
In addition to the acquisition, Lineage said it plans to continue Growers Cold Storage’s existing expansion plans to add over 25,000 pallet positions to its capacity over two phases. The initial phase is targeted for completion in May 2018.
Lineage’s latest acquisition and growth plans were announced on the heels of the company’s recent acquisition of two cold storage facilities from American Cold Storage in Boonville, Indiana and Louisville, Kentucky.
Those acquired facilities, which add over eight million cubic feet of capacity to Lineage’s facility network, serve as a complement to its nearby warehouses in the Midwest region, the company said.
In sum, Lineage said it has added over 20 million cubic feet of capacity to its international facility network through these two recent acquisitions.
Importing and managing the logistics of your precious freight is no easy task. Compliance to U.S. Customs & Border Patrol is essential to your cargo clearing customs. Use a freight forwarder to lower your chances of having shipment delays and to oversee all of your international freight logistics. Contact a customs broker to file your ISF and issue any pre-alerts to avoid penalties and delays, and arrange your ocean freight and imports customs clearance.