Lineage Logistics Completes the Acquisition of Spanish Transport and Cold-Store Operator Grupo Fuentes
Lineage Logistics, LLC (Lineage or the Company), one of the worlds leading temperature-controlled industrial REIT and logistics solutions providers, today completed the acquisition of Grupo Fuentes, a major operator of transport and cold-storage facilities, headquartered in Murcia, Spain.
- Lineage Logistics, LLC (Lineage or the Company), one of the worlds leading temperature-controlled industrial REIT and logistics solutions providers, today completed the acquisition of Grupo Fuentes, a major operator of transport and cold-storage facilities, headquartered in Murcia, Spain.
- With the close of the transaction, Grupo Fuentes and its 850 employees become part of Lineage.
- Rafael Fuentes, the CEO of Grupo Fuentes, will focus on developing Lineage's transportation service offering, where Grupo Fuentes already has a significant international presence.
- The acquisition of Grupo Fuentes and its transport fleet is a complement to Lineages recent expansion of its European warehouse facilities.