Lineage Logistics LLC signed a definitive agreement to acquire Ontario Refrigerated Services Inc. (ORS), a family-operated cold-storage company offering temperature-controlled space in the Greater Toronto market. The transaction marks Lineage’s entrance into the Canadian market.
The acquisition of ORS includes four modern facilities within 93 miles of Toronto that collectively offer 510,000 ft2 and 100,000 pallet positions of refrigerated capacity. Lineage partnered on this investment with CapCold Group Inc., an entity with in-depth experience in major Canadian market centers. Following the close of this transaction, the combined company will have a global footprint that spans over 1.9 billion ft3 of temperature-controlled capacity across over 300 facilities in 13 countries.