Lineage Logistics Acquires Seattle Cold Storage
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.