Lineage Logistics Announces Acquisition of Kloosterboer Group

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~Kloosterboer Group is a number one and respected impartial platform in Europe for built-in temperature-controlled storage, logistics and value-added providers~

~The transaction combines extremely strategic and complementary European facility footprints and diversified logistics capabilities~

~Kloosterboer’s founding household will proceed their involvement within the Firm to assist future development of the enterprise~

NOVI, Mich. & ROTTERDAM, Netherlands — Lineage Logistics, LLC (“Lineage” or the “Firm”), one of many world’s main and most progressive temperature-controlled industrial REIT and logistics options suppliers, as we speak introduced it has reached an settlement to accumulate Kloosterboer Group (“Kloosterboer”), a number one impartial built-in platform for temperature-controlled storage, logistics and value-added providers in Europe. The transaction is topic to regulatory clearance and completion of the worker session course of.

Kloosterboer consists of 11 amenities throughout the Netherlands, France, Germany, Canada and South Africa, totaling 6.4 million cubic meters of capability and 790,000 pallet positions and using over 900 group members. A family-owned firm with a wealthy legacy as a vegetable buying and selling firm courting again to 1925, Kloosterboer has grown over generations to develop into one among Europe’s best-known provide chain options corporations. The Kloosterboer household will proceed to be concerned in the way forward for the Firm, selecting to develop into buyers in Lineage and rolling part of their sale proceeds into Lineage fairness.

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“Welcoming Kloosterboer into the Lineage household marks a monumental step towards reaching our imaginative and prescient to develop into the world’s most dynamic temperature-controlled logistics firm with the aptitude to serve clients in several international locations world wide,” stated Mike McClendon, Lineage’s President of Worldwide Operations & EVP of Community Optimization. “Kloosterboer’s robust entrepreneurial tradition and administration group, mixed with their state-of-the-art, strategically positioned facility community completely complement Lineage’s worldwide footprint and progressive spirit, which can ship unimaginable worth to our mixed clients.”

In keeping with Lineage’s objective of reworking the meals provide chain to remove waste and assist feed the world, Kloosterboer is acknowledged by BREEAM (Constructing Analysis Institution Environmental Evaluation Methodology) as a frontrunner in sustainable chilly retailer operations. Kloosterboer’s community options almost 18,000 photo voltaic panels, 4 wind generators that energy operations comparable to heavy raise gear, and an annual discount of CO2 equaling consumption of over 4,100 households.

“Kloosterboer has lengthy targeted on offering progressive and sustainable options, and we see nice alignment with Lineage’s dedication to each the client and the atmosphere,” stated the Kloosterboer relations. “We now have identified the founders of Lineage since 2014 and are assured Lineage is the proper associate to assist proceed to serve our clients’ end-to-end logistical wants and speed up the expansion of Kloosterboer’s best-in-class capabilities. We’re excited for a shiny future stuffed with alternatives for our group.”

Nielen Schuman acted as monetary advisor to the Kloosterboer household and De Brauw Blackstone Westbroek served as its authorized counsel. Rabobank acted as Lineage’s monetary advisor and Latham & Watkins and Nauta Dutilh served as its authorized counsel.

About Lineage Logistics

Lineage Logistics is likely one of the main temperature-controlled industrial REIT and logistics options supplier worldwide. It has a world community of over 350 strategically positioned amenities totaling over 2 billion cubic toes of capability which spans 16 international locations throughout North America, Europe and Asia-Pacific . Lineage’s industry-leading experience in end-to-end logistical options, its unmatched actual property community, and growth and deployment of progressive know-how assist improve distribution effectivity, advance sustainability, reduce provide chain waste, and most significantly, as a Visionary Accomplice of Feeding America, assist feed the world. In recognition of the corporate’s main improvements and sustainability initiatives, Lineage was listed as No. 17 within the 2021 CNBC Disruptor 50 checklist, the No 1. Information Science firm, and twenty third total, on Quick Firm’s 2019 checklist of The World’s Most Progressive Corporations, along with being included on Fortune’s Change The World checklist in 2020. ( www.lineagelogistics.com)

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About Kloosterboer

The Kloosterboer Group is a family-owned firm with greater than 95 years of expertise within the dealing with of temperature-controlled meals merchandise, comparable to fish, meat, fruit, fruit juices and fruit concentrates, dairy and potato merchandise. Kloosterboer develops and gives progressive and sustainable options within the provide chain for conditioned meals merchandise. Kloosterboer is dedicated to long-term relationships, strives to realize price financial savings for its clients and improve the extent of service. The corporate is specialised in warehousing, stevedoring, forwarding, delivery, customs and logistics IT. With storage capability in The Netherlands, France, Germany, Canada and South Africa, Kloosterboer is likely one of the main corporations on this sector. ( www.kloosterboer.com)

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Contacts

Media Contacts:
Lineage Logistics
Megan Hendricksen
+1(949) 247-5172
mhendricksen@lineagelogistics.com

Kloosterboer Group
Uneke Dekkers
+31(0)650261626
uneke.dekkers@cffcommunications.nl