Lineage Logistics Buys MTC Logistics
March 15, 2022
Lineage
Logistics has acquired MTC Logistics, a leading cold-chain provider with
four strategic locations on or near the ports of Baltimore, MD,
Wilmington, DE and Mobile, AL.
Financial terms of the transactions were not disclosed.
Through the acquisition of these four facilities, Lineage will add
nearly 38 million cubic feet of capacity and over 113,000 pallet
positions in the United States. These facilities will add to Lineage’s
existing footprint of over 400 strategically located 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,” said 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.”
MTC
Logistics, was a wholly owned subsidiary of Hoffberger Holdings, Inc. (“HHI”)
a diversified privately held investment company of the Hoffberger family
of Baltimore, MD. A fifth-generation family business and recognized as
one of the International Association of Refrigerated Warehouses (IARW)
North American Top 25, MTC provides warehousing services including blast
freezing, import/export services, case selection, transportation/port
drayage and storage between -20 degrees Fahrenheit and +40 degrees
Fahrenheit.
“As part of MTC’s nearly century-long commitment to the refrigerated and
frozen warehousing and transportation industry, we have always sought
opportunities to be a warm, responsive and dedicated partner to our
customers,” said Harry Halpert, Chairman of MTC Logistics and CEO of
Hoffberger Holdings. “Our customers and associates will benefit from
Lineage’s scale and industry-leading technology, and we are fortunate to
find a strong partner who shares our values and customer-centric
approach.”