Lineage Logistics, LLC. (Lineage), an innovative temperature-controlled industrial REIT and logistics solutions provider, announced it has acquired New Zealand cold storage business, Cold Storage Nelson Limited (CSN). Financial terms of the transaction were not disclosed.
What were the executive’s thoughts on the transaction?
Mr. Rivera reiterated that Lineage, as an internationally integrated company, was acutely focused on further building out its New Zealand and Asia-Pacific footprint so that their customers could take full advantage of Lineage’s leading global end-to-end logistics capability.
“CSN has industry-leading skills in inventory control, compliance and traceability. CSN’s facilities, combined with our industry-leading technology and innovation, will assist New Zealand customers to navigate increasing supply chain demands in New Zealand and internationally. We look forward to working closely with CSN’s customers on these new opportunities,” commented Mr. Jeff Rivera, Lineage’s Global Chief Operations Officer.
What is the market reach of Lineage in the ANZ?
Mr. Rivera said expanding Lineage’s footprint in Asia-Pacific through New Zealand, as a major primary produce exporting nation, has been a long-term strategic goal for the Company.
Lineage in New Zealand now has integrated assets in Auckland, Tauranga, Hawkes Bay, Nelson, Christchurch, Timaru, and Dunedin. Consistent with Lineage’s commitment to sustainable practices, CSN has made major advances in energy efficiency by using advanced process control and design to ensure minimal usage and sophisticated purchasing of energy.