Frozen food specialist Yearsley Group has been acquired by the US temperature-controlled supply chain operator Lineage Logistics.
Jonathan Baker, chief executive of Yearsley Group, said: “Our acquisition by Lineage is a tremendous opportunity for Yearsley customers and employees alike.
“Lineage’s commitment to innovation and service is unmatched, and we are excited to strengthen our ability to partner and grow with customers on a global scale unlike ever before.”
As well as the group's transport division Yearsley Logistics, included in the deal is Yearsley Food. The latter is a national frozen food supplier that supports customers across retail, food service, food manufacturing and export channels.
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Financial terms of the transaction were not disclosed.
Yearsley Group, which answered the phone as Lineage Logistics, advised that further questions would be answered by its new owner.
Lineage did not respond; however, in an earlier statement the Michigan-based company said Yearsley showed a strong commitment to developing longstanding, bespoke customer relationships: “That is consistent with how we do business at Lineage,” said Greg Lehmkuhl, CEO and President of Lineage Logistics.
“Bringing Yearsley into the Lineage family enables us to better serve customers in the UK market and further reinforces our international logistics capabilities.”
Yearsley Group has been trading for 66 years and operates a nationwide network of 12 cold stores and 300 lorries.
