Lineage is North America’s second-largest logistics group specialising in cold-chain solutions for the agri-food industry, mainly producers and wholesalers but also mass retailers. The company operates more than 110 sites in 20 US states, along with 17 in Europe, with almost 9,000 employees.
Its offers extends beyond deep freeze storage (-15°C to -40°C) and include value-added services including deep freezing, repackaging, outsourced order management and logistics. Lineage generated more than $1.4 billion of revenue in 2018.
Lineage generated more than $1.4 billion of revenue in 2018. In the first half of 2019, Lineage completed the acquisition of Preferred Freezer (#3 player in the US), and thus became the largest global player.
FFP invested 25 M$ in Lineage in 2017, with a 15 M$ folllow-on investment in 2019 as part of a capital increase to finance the acquisition of Preferred Freezer.