May 9, 2022

Cold storage giant Lineage Logistics has made another acquisition. This time the company has bought Mandai Link Logistics (“Mandai”), marking the Company’s market entry into Singapore.

Lineage said the financial terms of the deal were not made public, but the move sees Lineage acquire the market leader in Singapore for the provision of cold storage services and automated operations.

“Mandai established Singapore’s first fully automated cold storage facility and has been long considered a local market leader in the provision of cold storage warehousing and distribution services,” Jeff Hogarth, President Asia Pacific at Lineage, said.

“The strategic purchase continues to strengthen Lineage’s presence in South East Asia, offering customers an expanded network across Asia and providing a platform for further growth in the region,” the company explained in a press release.

Lineage said its move will see itself grow a footprint in a “mature, sophisticated economy with incentives for cold storage development.” The company described Singapore as a gateway to the ASEAN reason through its strong port infrastructure.

“Tan Seng Eng, CEO of Mandai, is a visionary who made a huge bet by investing early in automation, and we are pleased that she will stay on as an advisor to Lineage,”Hogarth said. “Mandai’s facilities, combined with our industry-leading technology and innovations, will assist customers to navigate increasing supply chain demands in Singapore and internationally. We look forward to working closely with Mandai’s customers on these new opportunities.”

Mandai is a one-stop hub for refrigerated food distribution in Singapore with a full range of solutions including procurement, transport and warehousing, per Lineage. The company boasts a fleet of refrigerated trucks and has a facility that can house 28,000 pallets.

Mandai’s main facility is fully automated and has integrated solar power and a rainwater collection system for washing its trucks.

Last month, Lineage grew its footprint in Canada with the acquisition of VersaCold Logistics Services, a Canadian cold chain solution provider, as SeafoodNews reported.

VersaCold was founded in 1941 and has grown to run 24 temperature-controlled facilities comprising 114 million cubic feet of storage and 361,000 pallet positions. Its network spans nine provinces and features facilities in some of the key metropolitan markets in the country.

"We look forward to embarking on this journey with Lineage Logistics,” said Mike Arcamone, President and CEO of VersaCold Logistics Services. “Lineage has emerged as a world leader in creating innovative solutions to help reduce waste across the temperature-controlled supply chain. Combining our seasoned team and our complementary facility network with Lineage will create an even more dynamic company capable of supporting the growing needs of our customers in Canada and around the globe.”

Ryan Doyle
Urner Barry
1-732-240-5330
rdoyle@urnerbarry.com