Lineage Logistics Closes Acquisition of UTI Forwarding

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~Acquisition marks Lineage’s entrance into the European freight forwarding {industry}, strengthening efficiencies in international provide chain providing~

NOVI, Mich. — Lineage Logistics, LLC (“Lineage” or the “Firm”), the world’s largest and most progressive temperature-controlled industrial REIT and logistics options supplier, immediately introduced it has closed the acquisition of UTI Forwarding (“UTI”), a famend Rotterdam-based freight forwarder.

The acquisition was first announced on April 26, 2021.

UTI Forwarding is a number one freight forwarding firm that’s strategically positioned in Rotterdam, Netherlands, which specializes within the exporting and importing of Full Container Load (“FCL”) cargo, dealing with each temperature-controlled and different containerized items.

The acquisition marks Lineage’s entrance into the freight forwarding {industry} in Europe, additional strengthening Lineage’s end-to-end provide chain providing by advancing the operational synergies for the motion of products by means of Lineage’s international warehouse community.

“Along with UTI we are going to create even higher alternatives to offer end-to-end provide chain choices for our shared prospects,” stated Mike McClendon, President of Worldwide Operations & EVP of Community Optimization at Lineage. “We’re thrilled to shut on this acquisition and formally welcome UTI into the Lineage household.”

About Lineage Logistics

Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics options supplier. It has a world community of over 340 strategically positioned services totaling over 2 billion cubic toes of capability which spans 15 nations throughout North America, Europe, Asia-Pacific, and South America. Lineage’s industry-leading experience in end-to-end logistical options, its unequalled actual property community, and improvement and deployment of progressive expertise assist improve distribution effectivity, advance sustainability, decrease provide chain waste, and most significantly, as a Visionary Associate of Feeding America, assist feed the world. In recognition of the corporate’s main improvements and sustainability initiatives, Lineage was acknowledged because the No 1. Knowledge Science firm, and twenty third total, on Quick Firm’s 2019 listing of The World’s Most Revolutionary Firms, along with being included on Fortune’s Change The World listing in 2020. ( www.lineagelogistics.com)