Lineage Expands Midwest Footprint with Acquisition of ColdPoint Logistics

The transaction will strengthen Lineage’s storage and distribution capability for customers in the greater Kansas City metro area 

NOVI, Mich. – Lineage, Inc. (NASDAQ: LINE) (the “Company”), the world’s largest global temperature-controlled warehouse REIT, yesterday announced with its third-quarter 2024 earnings it has acquired the assets of ColdPoint Logistics, a provider of cold storage warehousing and transportation solutions. The transaction closed on November 1.

Located in Kansas City, Kansas and previously owned by NorthPoint Development, ColdPoint provides storage, handling, and transportation services for both domestic and foreign markets, including protein, produce, dairy, bakery, and dry goods for frozen and refrigerated products.

“The acquisition of ColdPoint expands Lineage's existing presence in the strategic Kansas City area and enhances our ability to provide an efficient solution for customers along the protein corridor, with direct access to major U.S. ports via onsite rail,” said Greg Lehmkuhl, President and CEO of Lineage. 

“The ColdPoint team is excited about joining with Lineage. The combination of our companies creates an incredible opportunity for our team to grow within a larger organization and provides our customers with access to Lineage’s vast network,” said ColdPoint’s CEO, Aaron Burks. “ColdPoint’s unique intermodal heavyweight model for export to the Pacific Rim through the ports of LA/Long Beach will also be a valuable addition to Lineage’s network and customers.”

ColdPoint’s facility is 621,000 square feet and contains 62,000 pallet positions, as well as 7 blast cells and a standalone boxing room. It is Lineage’s largest deal since going public in July 2024.

For more information about what Lineage is doing to advance a smarter, more sustainable and efficient food supply chain, visit onelineage.com.

About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84 million square feet and approximately 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.

Forward Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Media Contact
Rory Swikle
Senior Vice President, MikeWorldWide
[email protected]