US cold chain operator Lineage Logistics is set to enter the Australasian market after agreeing to acquire Emergent Cold for an undisclosed amount.
The deal will bring together two players that have been highly active in M&A in the perishables supply chain.
Founded less than two years ago by cold chain veteran Neal Rider and backed by US investment house Elliott Management, Emergent Cold boasts some 46 cold stores in six countries, …
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Source: The Loadstar