Building on its expansion strategy, Lineage Logistics has added another name to its list of acquired companies. Recently, the logistics provider formed a deal to acquire Mandai Link Logistics, extending its reach into the Singapore market.
“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,” said Jeff Hogarth, President, Asia Pacific at Lineage. “Tan Seng Eng, Chief Executive Officer 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.”
Mandai has positioned itself as a one-stop hub for refrigerated food distribution in Singapore, with a full range of solutions including procurement, transport, and warehousing, according to a press release. Mandai’s main facility is fully automated and has integrated solar power and a rainwater collection system for washing its refrigerated trucks. The company also has a fleet of refrigerated trucks and a facility that can house 28,000 pallets.
“Mandai’s facilities, combined with our industry-leading technology and innovations, will assist customers to navigate increasing supply chain demands in Singapore and internationally,” Hogarth continued. “We look forward to working closely with Mandai’s customers on these new opportunities.”
As noted in the release, this expansion into Singapore has been a long-term strategic goal for Lineage Logistics, as the company is focused on building out its Asia Pacific footprint to allow customers to take advantage of its cutting-edge, end-to-end logistics capabilities. Financial terms of the transaction were not disclosed.
As Lineage Logistics continues to expand across the globe, Deli Market News will be here to report the latest updates and acquisitions.