News / Tight cold storage capacity sees developers and managers in expansion mode

© André Muller

US cold storage real estate investment trust Lineage Logistics has embarked on a transatlantic buying spree.

On 8 June the company announced the acquisition of Kloosterboer Group, an integrated platform for temperature-controlled storage, logistics and value-added services.

Kloosterboer has 11 facilities, in the Netherlands, France,Germany, South Africa and Canada, with a total of 6.4m cubic metres of capacity and 790,000 pallet positions.

Mike McClendon, Lineage’s president of international operations and EVP of network optimisation, described the takeover as “a monumental step toward achieving ...