Lineage Logistics LLC signed a definitive agreement to acquire VersaCold Logistics Services, a cold-chain solution provider in Canada. The acquisition is expected to close in the third quarter of 2022.Headquartered in Vaughan, Ontario, VersaCold operates 24 temperature-controlled facilities comprising 114 million ft 3of storage and 361,000 pallet positions. Its network spans nine provinces and includes properties in Toronto, Calgary, Vancouver, Edmonton and Montreal. VersaCold also offers an integrated, asset-based inbound and outbound temperature-controlled transportation solution that operates out of nine terminals across the country and provides coast-to-coast service capabilities.
Lineage Logistics Acquires Canadian Cold-Storage Provider
April 27, 2022