Lineage Logistics, a temperature controlled real estate investment trust (REIT) and logistics solutions provider in Novi, today announced it has acquired MTC Logistics, a cold-chain provider with four strategic locations on or near ports.
The acquisition of the four facilities — in Baltimore; Wilmington, Del.; Philadelphia; and Mobile, Ala. — adds nearly 38 million cubic feet of capacity and more than 113,000 pallet positions in the U.S. This adds to Lineage’s footprint of more than 400 facilities totaling over 2 billion cubic feet of capacity across 19 countries.
“MTC Logistics’ strong presence at key ports along the U.S. East and Gulf Coasts and focus on best-in-class service and innovation will help better connect our customers to the global food supply chain,” says Greg Lehmkuhl, president and CEO of Lineage Logistics. “We look forward to welcoming the MTC team into the One Lineage family and leveraging their expertise to fulfill our vision of becoming the world’s most dynamic temperature-controlled logistics company.”
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