Lineage Logistics, LLC has acquired Cold Storage Nelson Limited (CSN), based in New Zealand. The financial terms of the deal were not publicly disclosed, according to a press release.
“CSN has industry-leading skills in inventory control, compliance and traceability,” Lineage’s Global COO, Jeff Rivera, 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.”
According to the executive, the acquisition will help the company expand its footprint across the Asia-Pacific and build the region, as well as New Zealand to become primary produce exporting territories to “take advantage of Lineage’s leading global end-to-end logistics capability,” a recent press release explains. The move forms part of a long-term strategy to conquer regions that complement its integrated assets based in Auckland, Tauranga, Hawkes Bay, Nelson, Christchurch, Timaru and Dunedin.
The acquisition also serves as one of Lineage’s energy efficiency advances CSN has made to promote innovation in the energy market and improving its efficiency by using advanced process control and design “to ensure minimal usage and sophisticated purchasing of energy.”