Lineage Logistics Acquires MTC Logistics
March 9, 2022
Lineage Logistics acquired MTC Logistics, a cold-chain provider operating four refrigerated facilities near key U.S. East and Gulf Coast ports (Baltimore, Wilmington, Philadelphia and Mobile). The deal adds nearly 38 million cubic feet of capacity and over 113,000 pallet positions to Lineage's global temperature-controlled network; financial terms were not disclosed. MTC was a wholly owned subsidiary of Hoffberger Holdings, Inc.
- Buyers
- Lineage Logistics, LLC
- Targets
- MTC Logistics
- Sellers
- Hoffberger Holdings, Inc.
- Industry
- Logistics & Distribution
- Location
- Maryland, United States
- Transaction Type
- Buyout
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