Lineage Logistics acquires Castle & Cooke Cold Storage
Lineage Logistics, a warehousing and logistics company sponsored by Bay Grove Capital LLC announced that it has acquired Castle & Cooke Cold Storage (CCCS), a third-party warehousing logistics headquartered in California.
With the acquisition of CCCS, Lineage increases its footprint to 12m sq ft and 240m cu ft of capacity, making it one of the largest refrigerated warehouse companies in North America.
“Lineage combines a deep heritage of customer-centric and entrepreneurial values with significant financial resources provided by committed, long-term investors,” said Kevin Marchetti, managing director of Bay Grove. “This is a transformative deal that will double Lineage’s size, expand its capabilities and strengthen its customer-first culture. The acquisition firmly establishes Lineage as a leading logistics partner for customers nationwide.”
CCCS, previously owned by investor David Murdock and CEO Bill Hendricksen, operates 24 facilities totaling 112m cu ft across California, Illinois, Maryland, Missouri, Georgi and Texas. The company provides cold and dry storage for a wide range of customers, including food and non-food producers, distributors and retailers. In addition, CCCS’s asset-light transportation logistics business provides nationwide solutions for product movement.
“The combination of Lineage and CCCS creates a first-class franchise with significant scale, services and expertise to better serve all of our customers from coast to coast,” said Bill Hendricksen. “We are excited to join the Lineage team and to add to Lineage’s strong momentum.”