Lineage Logistics has announced has reached an agreement to acquire Kloosterboer Group combing their strategic and complementary European facility footprintsand diversified logistics capabilities.
Mike McClendon, Lineage’s president of international operations and executive vice president of network optimisation, said bringing in Kloosterboer would provide a boost to the company’s worldwide network.
“Welcoming Kloosterboer into the Lineage family marks a monumental step toward achieving our vision to become the world’s most dynamic temperature-controlled logistics company with the capability to serve customers in different countries around the world,” said McClendon.
“Kloosterboer’s strong entrepreneurial culture and management team, combined with their state-of-the-art, strategically located facility networkperfectly complement Lineage’s international footprint and innovative spirit, which will deliver incredible value to our combined customers.”
Kloosterboer consists of eleven facilities across the Netherlands, France, Germany, Canada and South Africa, totaling 6.4m cubic meters of capacity and 790,000 pallet positions and employing over 900 team members.
Kloosterboer is a family-owned company with a rich legacy as a vegetable trading company dating back to 1925. The Kloosterboer family will continue to be involved in the future of the company, choosing to become investors in Lineage and rolling a part of their sale proceeds into Lineage equity.
“Kloosterboer has long focused on providing innovative and sustainable solutions, and we see great alignment with Lineage’s commitment to both the customer and the environment,” said the Kloosterboer family members.
“We have known the founders of Lineage since 2014 and are confident Lineage is the right partner to help continue to serve our customers’ end-to-end logistical needs and accelerate the growth of Kloosterboer’s best-in-class capabilities. We are excited for a bright future full of opportunities for our team.”