Lineage Logistics Acquires Ontario Refrigerated Services to Launch Canadian Platform
July 23, 2020
Lineage Logistics signed a definitive agreement to acquire Ontario Refrigerated Services, a family-operated cold storage provider with four facilities in the Greater Toronto market, marking Lineage's entry into Canada. The deal, made in partnership with CapCold Group Inc. (formed by Robert and Patrick Molyneux), adds ~510,000 sq ft (16.2 million cubic feet) and ~100,000 pallet positions of refrigerated capacity; financial terms were not disclosed.
- Buyers
- Lineage Logistics, LLC, CapCold Group Inc.
- Targets
- Ontario Refrigerated Services, Inc.
- Sellers
- Roger Kropf, Kate Kropf
- Industry
- Logistics & Distribution
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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