Cold storage gets $1.6 billion richer

Lineage's Sunnyvale facility in Dallas, Texas

The world’s largest temperature-controlled logistics provider, Lineage Logistics, announced it has raised $1.6 billion in fresh equity from several different investors. The Wednesday press release said the company plans to use the funds for further acquisitions as well as investments in tech and automation.

“This significant investment — from both new and existing investors — is validation of our business model, our innovative strategy and our plans to continue expanding our footprint as the...

https://s29755.pcdn.co/news/cold-storage-gets-16-billion-richer

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