Lineage Acquires Northern California Facilities from Dreisbach Enterprises

Colton, CA, July 7, 2014 - Lineage, a warehousing and logistics company backed by Bay Grove, has acquired two cold storage facilities in Santa Cruz county (CA) from Dreisbach Enterprises (“Dreisbach”). With the addition of these two operations, Lineage now operates four warehouses in the Watsonville region, creating increased storage flexibility and value-added services for its customers. Lineage’s national footprint now comprises over 550 million cubic feet across 104 facilities in 21 states, which represents the second largest refrigerated warehouse network globally based on data from the International Association of Refrigerated Warehouses. Financial terms of the transactions were not disclosed.

The acquired warehouses, Parajo and Hilltop, encompass 201,000 square feet of refrigerated storage space and offer a breadth of services, including blast freezing, to service the region’s strawberry and seafood industries. The Dreisbach operations team at these locations will join Lineage and work in conjunction with the broader Lineage Watsonville team to support customer needs in the market. Dreisbach Enterprises, under President Jason Dreisbach, will continue operating its Oakland and Richmond facilities, in addition to its logistics solutions, as a separate entity.

“We have established great customer relationships and operational familiarity in Watsonville so this acquisition to enhance local capacity aligns our goals to grow and provide more benefits to our customers,” said Kevin Marchetti, Managing Director of Bay Grove. “The Dreisbach family has been a tremendous partner and we look forward to future endeavors between our two companies.”

“This opportunity will allow Dreisbach Enterprises to strengthen our Bay Area presence and continue to expand our logistics business nationwide,” said Jason Dreisbach. “The Bay Grove and the Lineage team have been an exciting group to work with, and we are confident they will continue to provide superior service to our Watsonville customers. We believe this is just the beginning of a long and successful relationship with Lineage.”

“We would like to welcome our newest team members joining Lineage in Watsonville,” said Bill Hendricksen, CEO of Lineage. “Our Watsonville team is now greater equipped to service customers in the region, an advantage that is second to none.”