Lineage Logistics Closes Kloosterboer Deal
October 15, 2021
Logistics has completed its acquisition of Kloosterboer Group, a
Netherlands-based, family-owned cold storage company with a strong
global footprint. The companies combine to create an enhanced facility
network in key European markets with a focus on sustainability and
innovation within the temperature-controlled supply chain.
Kloosterboer has 900 team members and 11 strategically located
facilities in the Netherlands, France, Germany, Canada and South Africa,
totalling 6.4 million cubic metres of capacity and 790,000 pallet
positions, with a commercial focus on port-based activities and
highly-automated warehouse solutions. Kloosterboer also provides
value-added services like freight forwarding, customs brokerage, juice
blending, container handling, and intermodal transport.
“We welcome the Kloosterboer team to the One Lineage family and are
thrilled to unite with an organization that has a nearly 100-year
history of being entrepreneurial and customer centric. We look forward
to integrating their state-of-the-art facilities and diverse services so
we can better serve our customers in Europe and around the world. It’s
also clear that we have cultural alignment with a shared focus on
leading the industry in sustainability and innovation,” said Harld
Peters, Senior Vice President for Europe at Lineage.
Sustainability leadership in the sector has been a hallmark for
Kloosterboer. Five facilities have been recognized by BREEAM (Building
Research Establishment Environmental Assessment Methodology) and the
company’s use of nearly 18,000 solar panels and four wind turbines have
reduced the equivalent CO2 consumption of more than 4,100 households.
companies are known as leaders in developing and operating the
industry’s most sophisticated fully automated temperature-controlled
warehouses. These buildings are capable of handling large quantities of
product with an exceptional level of accuracy while using fewer
resources, particularly electricity. Combining capabilities in
automation with Lineage’s applied sciences knowhow will lead to new
innovations in warehouse design that should yield even greater
efficiencies in the supply chain, creating value and further reducing
the environmental footprint for customers.
Lineage’s company’s European operations are headquartered in Amsterdam,
The Netherlands, with a network spanning Belgium, Denmark, Norway,
Poland, Spain and UK. With Kloosterboer, Lineage will add locations in
France, Germany and South Africa to the list, and Kloosterboer
facilities on the east coast of Canada will complement Lineage’s
existing operations in Montreal and Ontario.
Nielen Schuman acted as financial advisor to the Kloosterboer family and
De Brauw Blackstone Westbroek served as its legal counsel. Rabobank and
Morgan Stanley acted as Lineage’s financial advisor and Latham & Watkins
and NautaDutilh served as its legal counsel.