Lineage Bolsters its Italian Presence with the Strategic Acquisition of Eurofrigor

Date: 11 July 2024
Lineage Bolsters its Italian Presence with the Strategic Acquisition of Eurofrigor
Lineage, the world’s largest global temperature-controlled warehouse REIT, announced the successful completion of the acquisition of Eurofrigor - a leading cold storage service provider located in Controguerra, on the central east coast of Italy. The acquisition comes after Lineage’s entry into the Italian market in 2021, and underscores its dedication to its European network and enhances its service offerings.
 
Eurofrigor operates a facility spanning over 24.000 square meters - an area equivalent to nearly 5 football fields. The facility features services such as storage, tunnel freezing, and comprehensive customs/VAT handling among other value-added services. It currently supports a diverse commodity mix predominantly composed of fish, protein, and vegetables.
 
Harld Peters, President of Europe at Lineage, expressed the importance of the new acquisition: "Integrating Eurofrigor into the Lineage network not only expands our footprint in Italy but also strengthens our capabilities and service offerings across Europe. The strategic location aligns with our vision to innovate in the way the world preserves and protects the quality of food."
 
The acquisition further demonstrates Lineage's commitment to supporting global food and retail sectors, leveraging a network that includes more than 480 facilities worldwide.

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