Metro Detroit Food Storage Giant Expands into Canada
Lineage Logistics has acquired Canada’s Ontario Refrigerated Services Inc. Pictured is Ontario’s headquarters in Ingersoll. // Photo courtesy of Ontario Refrigerated Services Inc.
The world’s largest provider of temperature-controlled logistics solutions based on site has expanded to Canada through an acquisition.
Novi’s Lineage Logistics announced that it has signed a definitive agreement to acquire Ontario Refrigerated Services Inc., a family-run cold storage company providing temperature-controlled space in the greater Toronto area. The terms of the contract were not disclosed.
Ontario Refrigerated has four facilities within 150 km of Toronto that together provide a cooling capacity of 510,000 square feet and 100,000 pallet positions.
“We are excited to expand our industry-leading global network to the Canadian market and cannot think of a better group to begin this journey with than the ORS team,” said Greg Lehmkuhl, President and CEO of Lineage. “The Ontario market is a cornerstone of the Canadian economy. This is the natural place for Lineage to launch our broader Canadian market platform. In addition, ORS’s entrepreneurial spirit and local roots are a great fit with the Lineage culture. We are excited to have this starting point to continue expanding in Canada. “
Lineage has partnered with CapCold Group Inc., a company founded by Robert and Patrick Molyneux to pursue the acquisition of North American cold storage companies. The two will join the Lineage team as consultants.
Ontario Refrigerated was founded in 2003 by Roger Kropf, President, and Kate Kropf, Controller and Chartered Accountant.
“Kate and I are excited to congratulate Lineage on acquiring Ontario Refrigerated Services Inc.,” said Roger Kropf. “The support of our customers and our team has contributed to our rapid growth and success over the past 17 years. I believe Lineage and CapCold are the right partners to lead ORS into the future.”
Upon completion of the transaction, which is expected in the coming weeks, the combined company will have a global footprint of 1.9 billion cubic feet of temperature controlled capacity in 300 facilities in 13 countries in North and South America, Europe, Asia and Australia, and New Zealand.