Date – 14/03/2022
~ Acquisition provides 4 cold garage centers along the U.S. East and Gulf Coasts, consisting of almost 38M cubic toes and over 113,000 pallet positions ~
Lineage Logistics, LLC (“Lineage” or the “Company”), the sector’s largest and maximum modern temperature-controlled industrial REIT and logistics solutions provider, today announced that it has obtained MTC Logistics (“MTC”), a leading cold-chain company with four strategic places on or near the ports of Baltimore, MD, Wilmington, DE and Mobile, AL. Financial terms of the transactions have been no longer disclosed.
Through the purchase of those four centers, Lineage will add nearly 38 million cubic feet of ability and over 113,000 pallet positions in the United States. These facilities will add to Lineage’s existing footprint of over four hundred strategically located centers totaling over 2 billion cubic feet of capability throughout 19 nations.
“MTC Logistics’ sturdy presence at key ports alongside the U.S. East and Gulf Coasts and focus on best-in-elegance carrier and innovation will assist higher join our customers to the global food supply chain,” stated Greg Lehmkuhl, President and CEO of Lineage Logistics. “We look forward to welcoming the MTC crew into the One Lineage own family and leveraging their knowledge to meet our imaginative and prescient of becoming the sector’s maximum dynamic temperature-controlled logistics agency.”
MTC Logistics, become a wholly owned subsidiary of Hoffberger Holdings, Inc. (“HHI”) a various privately held investment company of the Hoffberger circle of relatives of Baltimore, MD. A 5th-era own family commercial enterprise and recognized as one of the International Association of Refrigerated Warehouses (IARW) North American Top 25, MTC affords warehousing services inclusive of blast freezing, import/export offerings, case selection, transportation/port drayage and storage among -20 ranges Fahrenheit and +40 stages Fahrenheit.
“As part of MTC’s almost century-long commitment to the refrigerated and frozen warehousing and transportation enterprise, we’ve got always sought opportunities to be a heat, responsive and committed associate to our clients,” said Harry Halpert, Chairman of MTC Logistics and CEO of Hoffberger Holdings. “Our customers and pals will advantage from Lineage’s scale and industry-leading generation, and we’re lucky to discover a sturdy companion who stocks our values and customer-centric technique.”
About Lineage Logistics
Lineage Logistics is the world’s biggest temperature-managed business REIT and logistics solutions company. It has a international community of over four hundred strategically placed facilities totaling over 2 billion cubic ft of ability which spans 19 countries throughout North America, Europe and Asia-Pacific. Lineage’s enterprise-main information in cease-to-end logistical answers, its unrivalled actual property network, and development and deployment of progressive generation help increase distribution performance, increase sustainability, decrease deliver chain waste, and most importantly, as a Visionary Partner of Feeding America, assist feed the arena. In popularity of the business enterprise’s leading innovations and sustainability tasks, Lineage became listed as No. 17 inside the 2021 CNBC Disruptor 50 listing, the No 1. Data Science agency, and twenty third typical, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being blanketed on Fortune’s Change The World listing in 2020.
About MTC Logistics
MTC Logistics become an entirely owned subsidiary of Hoffberger Holdings, Inc. (“HHI”) a varied privately held funding organisation of the Hoffberger family of Baltimore, MD. MTC Logistics operates 4 distribution facilities with greater than 38 million cubic ft of refrigerated and frozen space, serving the ports of Baltimore, MD, Philadelphia, PA, Wilmington, DE, and Mobile, AL.
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