Lineage Logistics has acquired Pago Sp. z o.o., a leading refrigerated warehousing, distribution and transport logistics provider in Poland, from Rheda-Wiedenbrück, Nordrhein-Westfalen, Germany-headquartered Tönnies International Holding GmbH. The transaction, terms of which were not disclosed, marks Lineage’s entrance into the Polish market and adds six assets to its global network of temperature-controlled facilities.
The Novi, Michigan, USA-headquartered buyer, which ranks as the world’s largest provider of temperature-controlled logistics services, was founded and continues to be managed by San Francisco, California-based Bay Grove Capital, a private equity firm engaged in partnering with strong management teams to build long-term platform investments.
Pago runs a network of frozen food logistics centers, with total storage capacity exceeding 190,000 pallet positions. One of its facilities is located in the Baltic Sea Port of Gdańsk, directly in the Deepwater Container Terminal, making Pago an important link in the global frozen food supply chain.
“We are excited to enter Poland by acquiring Pago, which is known for its dedicated team members, the most modern network in its market and an entrepreneurial culture with roots as a family business,” said Mike McClendon, Lineage’s president of international operations and executive vice president of network optimization. “The acquisition also expands the Lineage footprint to an increasingly important market for our customers and a region where we see opportunities to add capacity and implement new, innovative customer solutions.”
The combined company features over 1.9 billion cubic feet of temperature-controlled capacity across more than 330 facilities in 15 countries, with a global footprint that spans North America, South America, Europe, Asia, Australia and New Zealand.
“We are very pleased to partner with members of the current Pago leadership, who have helmed the organization since 2006 based on an ethos of reliability, quality and commitment to the customer while growing it to become the largest and most modern cold storage company in Poland,” said Adam Forste, co-executive chairman of Lineage and co-founder and managing partner of Bay Grove. “Pago leaders will continue with the business and help us drive further growth in this critical and strategic region. We would like to thank Tönnies for their efforts in support of this transaction.”
“We couldn’t be more excited to be joining the Lineage family,” said Patryk Gościniak, vice chairman of Pago. “Lineage is known worldwide for its unrivaled international facility network, robust suite of supply chain solutions as well as its extensive technology and automation resources. We are honored they have recognized our talent and expertise in the Polish market and will now lead the Pago team into a promising new chapter as part of Lineage.”
