Lineage Logistics Acquires Seattle Cold Storage

MarineLink.com
Wednesday, April 03, 2013

Lineage Logistics, a warehousing and logistics company sponsored by Bay Grove Capital LLC, announced today that it has acquired the assets of Seattle Cold Storage (SCS) and its facilities located in the Port of Tacoma and Algona, WA. The acquisition increases Lineage’s footprint to over 13 million square feet and 290 million cubic feet, which represents the second largest refrigerated warehouse network globally based on data from the International Association of Refrigerated Warehouses. Financial terms of the transaction were not disclosed.

SCS is one of the Puget Sound’s largest public refrigerated warehousing (PRW) companies and provides a breadth of service offerings including temperature-controlled storage, import / export services, retail distribution, and transportation services. The Company’s warehouses comprise 420,000 square feet and 11 million cubic feet of freezer and chilled storage capacity in strategic locations in the Port of Tacoma and the Kent Valley.

www.lineagelogistics.com

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Logistics

S. African Competition Watchdog Fines Japanese Shipping Firm

South Africa's competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) pay a 104 million rand ($8.5 million) penalty

Activists Planning Protest Against Shell's Arctic Business

U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic.

Protests Shut Channel Tunnel Again

The Channel Tunnel closed again on Tuesday due to protesting MyFerryLink workers, its operator Eurotunnel and French traffic supervision body Bison Fute said. The

Mergers & Acquisitions

SeaZip Offshore Service Commences Operation

Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting,

ShipServ opens Singapore office

ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore.

DPE is New Majority Shareholder in INTERSCHALT

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1226 sec (8 req/sec)