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Lineage eats up deal with Maines
Posted on Thursday, 21 May 2020 10:35
Lineage Logistics has bought the US-based quick service dining (QSD) and casual dining distribution businesses of Maines Paper & Food Service for an undisclosed sum.
The deal will save more than 850 jobs across the country and ensure continuity within the food supply chain during the ongoing coronavirus pandemic.
Furthermore, the transaction will expand Lineage’s offerings to customers and add leading restaurant brands to its network.
Maines’ assets comprise a warehousing and transportation network across seven states.
The units serve over 2,500 restaurant brands throughout the US, including Burger King, Tim Hortons, Olive Garden and Cheddar’ Scratch Kitchen.
Earlier this month, Maines was forced to close its Broadline division and lay off 119 employees, after being unable to find a buyer for the business due to the continuing impact of the COVID-19 outbreak.
Headquartered in New York, the company is one of the largest full-line food distributors in the US and offers over 30,000 items, including meat, poultry, beverages, disposables and cleaning supplies.
Maines’ assets will add to Lineage’s extensive temperature-controlled logistics network, which comprises more than 50.00 million square feet and 1.80 billion cubic feet of storage capacity across 290 facilities in 11 countries globally.
Chris Mellon, president of the vendor, said: “Maines has served as a key distributor of America’s foodservice community over the last century, and today’s news ensures our QSR and casual dining distribution business can continue to operate and service our customers for years to come as part of one of the best food supply chain networks in the world.”
Located in Michigan, Lineage provides cold storage facilities, transportation and food preparation services to customers in the US, Vietnam and China, among other locations.
The company is no stranger to the acquisition trail; in November last year, it agreed to pick up Texas-based cold storage network operator Emergent Cold for an undisclosed sum.
© Zephus Ltd