Lineage Logistics, LLC announced that it has acquired MTC Logistics , a refrigerated services provider with four locations on or near the ports of Baltimore, Wilmington Mobile, AL. MTC is based in Baltimore.
MTC’s Delaware cold storage site is in the Delaware River Industrial Park, New Castle.
The financial terms of the transaction were not disclosed.
With the acquisition, Lineage will add nearly 38 million cubic feet of capacity and over 113,000 pallet positions in the United States. The sites will add to Lineage’s existing footprint of over 400 facilities totaling more than two 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, 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 is a fifth-generation family business 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.
Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider.