Lineage Logistics LLC, a leading global temperature-controlled industrial REIT and logistics solutions provider, announced it has acquired Auscold Logistics, a major South Australian transport and warehousing company. Financial terms of the transaction were not disclosed.
The acquisition includes a state-of-the-art warehouse in Adelaide and a fleet of over 70 GPS tracked, temperature-controlled trucks, providing customers daily dry, chilled and frozen transport to Australia’s capital cities and major regional centres. The integration will complement Lineage’s regional distribution centre in Adelaide, providing Lineage’s customers with a total of 32,000 sqm of cold storage capacity and 27,700 pallet positions across the two facilities.
The Auscold Logistics business offers a full suite of quarantine-approved, multi-temperature storage across more than 11,000 frozen and refrigerated pallets and a 3,600sqm chilled cross dock area. Additionally, the South Australian company transports goods including confectionery, pharmaceutical products, and frozen, chilled and fresh produce.
“The Auscold business will broaden our reach across the nation, particularly in southern Australia, and greatly benefit South Australian businesses’ supply chains,” Mr Jeff Hogarth, Senior Vice President Asia Pacific at Lineage, said.
“This acquisition is a key development in our plans to bring best-in-class cold storage companies into the Lineage family to connect the end-to-end supply chain dots for customers,” he said.
Lineage Logistics entered the Australian market in 2019 when it acquired Emergent Cold. The company has operations in NSW, Victoria, Queensland, South Australia and Western Australia.
