SINGAPORE–(BUSINESS WIRE)–Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative provider of temperature-controlled industrial REIT and logistics solutions, today announced the acquisition of Mandai Link Logistics (“Mandai”), marking the Company’s market entry into Singapore. Financial terms of the transaction were not disclosed.
“Mandai established Singapore’s first fully automated cold storage facility and has long been considered a local market leader in providing cold storage and distribution services,” said Jeff Hogarth, President Asia Pacific at Lineage.
“Tan Seng Eng, CEO of Mandai, is a visionary who made a huge bet by investing in automation early on, and we’re excited to have her continue as an advisor at Lineage.”
Hogarth said expanding Lineage’s footprint in Asia through Singapore as a major business hub is a long-term strategic goal for the company.
“Mandai’s facilities, combined with our industry-leading technology and innovations, will help customers manage growing supply chain demands in Singapore and internationally.
“We look forward to working closely with Mandai’s customers on these new opportunities.”
Mandai serves as a one-stop chilled food distribution hub in Singapore with a full range of solutions including sourcing, transportation and warehousing. It has a fleet of refrigerated trucks and an installation that can accommodate 28,000 pallets.
Mandai’s main facility is fully automated, incorporates solar power and has a rainwater harvesting system to wash its refrigerated trucks.
Mr. Hogarth said Lineage, as a globally integrated company, is firmly focused on expanding its footprint in Asia Pacific so that customers can take advantage of Lineage’s end-to-end global logistics capability. .
About Lineage Logistics
Lineage Logistics is the world’s largest provider of temperature-controlled industrial REIT and logistics solutions. It has a global network of more than 400 strategically located facilities totaling more than 2 billion cubic feet of capacity that spans 20 countries in North America, Europe and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistics solutions, its unparalleled real estate network, and the development and deployment of innovative technologies help increase distribution efficiency, advance sustainability, minimize the supply chain and, more importantly, as a visionary food partner. America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was ranked #17 on the 2021 CNBC Disruptor 50 List, the #1 Company in Data Science, and #23 overall, on the 2019 Fast List. Company of the World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)