The Kloosterboer Group has sold its Moss Coldstore in Norway to Novi, Michigan, USA-headquartered Lineage Logistics for an undisclosed price. The highly efficient warehouse features 17,500 pallet positions and is strategically situated outside of Oslo, where it serves both food producers and retailers.
“We’re excited to bring the Kloosterboer Norway facility into our network to enable us to further serve and reach customers in the Northern European region,” said Mike McClendon, Lineage’s president of international operations and executive vice president of network optimization. “Kloosterboer, founded in 1925, is a strong and independent family business, and we welcome the team in Norway to the Lineage family.”
“Kloosterboer’s strategy is to be an integrated supply chain partner for its customers, which is leading us in the direction of building multiple new locations in a short period of time. Because the Nordics are not a key development market in this strategy, we are pleased to sell our Norway operation to Lineage,” said Stephane Pluenet, Kloosterboer’s executive director of automation.
The acquisition follows Lineage’s entrance into Norway in October, and more broadly, its entrance into the Scandinavian region in June of 2020. The purchase also contributes to the strategic expansion of Lineage’s facility network across Europe.
Following the close of this transaction, the combined company will feature a global footprint that spans over 1.9 billion cubic feet of temperature-controlled capacity across over 330 facilities in 14 countries spanning North and South America, Europe, Asia, Australia and New Zealand.
About Kloosterboer
Headquartered in the Netherlands, the Kloosterboer Group handles a wide range of temperature-controlled foods including fish, meat, fruit, fruit juices and concentrates, vegetables, dairy, potato products. It operates over 4.7 million cubic meters of storage capacity offerings approximately 700,000 tons of storage capacity in the Netherlands, Germany, France, Sweden, Canada and South Africa.
