Lineage Logistics has acquired Frigorificos de Navarra (Frinavarra), a leading operator of refrigerated warehousing facilities in Spain, and a cold storage warehouse from Frioastur located in Gijón, Spain. Financial terms of the transactions were not disclosed.
Founded in 1987 and headquartered in Milagro, Frinavarra offers blast freezing, tempering, and modified atmosphere storage services to food and beverage industry customers. With nearly 20 million cubic feet of capacity, its highly automated freezer facility comes with the opportunity for future expansion, furthering Novi, Michigan, USA-headquartered Lineage’s leading global network of automated temperature-controlled facilities.
Lineage’s acquisition of Frinavarra also involved an asset purchase from Frioastur. Built in 1963, the facility spans one million cubic feet of storage capacity and also provides handling, picking, transportation and facilities services.
“Lineage’s entry into the Spanish cold storage market with our acquisitions of Frinavarra and Asturias marks another exciting milestone in our ongoing growth journey,” said Mike McClendon, the company’s president of international operations and executive vice president of network optimization. “These new facilities expand our global offering in an important market and provide future opportunities for continued expansion throughout Europe and beyond.”
With its entry into the Spanish market, Lineage owns and operates facilities in 16 countries across North America, South America, Europe, Asia, Australia and New Zealand.
