Yearsley acquired by US group15th November 2018
UK: Frozen food sales and logistics firm Yearsley has been acquired by the US company Lineage Logistics Holdings LLC.
Formed in 1952, Yearsley has grown to become one of the most respected temperature-controlled logistics providers in the UK, operating a network of 12 cold stores nationwide. With over 300 vehicles, Yearsley complements its cold storage solutions with high-impact, value-added transportation services, following a similar model to Lineage’s US-based operations. Also included in the transaction is Yearsley Food, the national frozen food supplier that supports customers across retail, food service, food manufacturing and export channels.
“Yearsley has demonstrated a strong commitment to developing longstanding, bespoke customer relationships that is consistent with how we do business at Lineage. Bringing Yearsley into the Lineage family enables us to better serve customers in the UK market and further reinforces our international logistics capabilities,” said Greg Lehmkuhl, president and CEO of Lineage Logistics.
Founded in 2008, Lineage is an international warehousing and logistics company with around 100 facilities in North America and warehouses in the Netherlands, the UK and Belgium. Lineage made its first international acquisition last year when it purchased Partner Logistics, a leading automated cold storage provider in Europe.