Lineage Logistics Acquires Cold Storage Nelson for Major Expansion Into New Zealand’s Cold Storage Logistics Chain

• Cold Storage Nelson adds to Lineage’s services as New Zealand’s market leader in cold storage services, catering to producers of marine, agricultural, horticultural and manufactured food products, predominantly for export markets

• The strategic purchase further strengthens Lineage’s presence in Asia-Pacific, offering customers an expanded New Zealand network and linking them to a global network providing a platform for further growth in the region

Lineage Logistics, LLC. (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, announced it has acquired leading New Zealand cold storage business, Cold Storage Nelson Limited (“CSN”). Financial terms of the transaction were not disclosed.

Read More About ML News : How Machine Learning and First-party Data Work in Harmony for Performance Marketers

“CSN has industry-leading skills in inventory control, compliance and traceability”

“CSN has industry-leading skills in inventory control, compliance and traceability,” Mr. Jeff Rivera, Lineage’s Global Chief Operations Officer, said. “CSN’s facilities, combined with our industry-leading technology and innovation, will assist New Zealand customers to navigate increasing supply chain demands in New Zealand and internationally. We look forward to working closely with CSN’s customers on these new opportunities.”

AI ML in Marketing: AI and Big Data Analysis Used to Find Brands’ Emotional Connection

Mr. Rivera said expanding Lineage’s footprint in Asia-Pacific through New Zealand, as a major primary produce exporting nation, has been a long-term strategic goal for the Company.

Lineage in New Zealand now has integrated assets in Auckland, Tauranga, Hawkes Bay, Nelson, Christchurch, Timaru, and Dunedin.

Consistent with Lineage’s commitment to sustainable practices, CSN has made major advances in energy efficiency by using advanced process control and design to ensure minimal usage and sophisticated purchasing of energy.

Mr. Rivera said Lineage, as an internationally integrated company, was acutely focused on further building out its New Zealand and Asia-Pacific footprint so customers could take advantage of Lineage’s leading global end-to-end logistics capability.

AI and ML News: AI: Continuing the Chase for Brain-Level Efficiency

[To share your insights with us, please write to sghosh@martechseries.com]