Lineage, Inc. the world’s largest global temperature-controlled warehouse REIT, has announced with its third-quarter 2024 earnings that it has acquired the assets of ColdPoint Logistics, a provider of cold storage warehousing and transportation solutions. The transaction closed on November 1. Located in Kansas City, Kansas, and previously owned by NorthPoint Development, ColdPoint provides storage, handling, and transportation services for both domestic and foreign markets, including protein, produce, dairy, bakery, and dry goods for frozen and refrigerated products.
“The acquisition of ColdPoint expands Lineage’s existing presence in the strategic Kansas City area and enhances our ability to provide an efficient solution for customers along the protein corridor, with direct access to major U.S. ports via onsite rail.”
Greg Lehmkuhl, President and CEO, Lineage
“The ColdPoint team is excited about joining with Lineage. The combination of our companies creates an incredible opportunity for our team to grow within a larger organization and provides our customers with access to Lineage’s vast network. ColdPoint’s unique intermodal heavyweight model for export to the Pacific Rim through the ports of LA/Long Beach will also be a valuable addition to Lineage’s network and customers.”
Aaron Burks, CEO, ColdPoint
ColdPoint’s facility is 621,000 square feet and contains 62,000 pallet positions, 7 blast cells, and a standalone boxing room. It is Lineage’s largest deal since going public in July 2024. Lineage Logistics and ColdPoint Logistics each play key roles in global food logistics. Together, they contribute significantly to reducing food waste, ensuring food safety, and addressing logistical challenges in the cold chain. Their combined efforts have transformed the way temperature-sensitive goods are stored and transported, contributing to more resilient and efficient global food systems.
Lineage, Inc. temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.