Lineage, Inc. has entered a definitive agreement to acquire multiple cold storage warehouses from Tyson Foods and plans to develop two automated facilities, enhancing its U.S. operational capabilities.

Information on the Target

Lineage, Inc. (NASDAQ: LINE), recognized as the world’s largest global temperature-controlled warehouse Real Estate Investment Trust (REIT), has entered into a definitive agreement to acquire multiple cold storage warehouses from Tyson Foods, Inc. (NYSE: TSN). This strategic acquisition is part of Lineage's ongoing efforts to enhance its U.S. cold-storage network and reflects a long-standing customer relationship with Tyson Foods.

The acquired warehouses are estimated to provide significant operational capacity, totaling approximately 49 million cubic feet with 160,000 pallet positions. Following the acquisition, Lineage plans to integrate over 1,000 employees from Tyson, demonstrating a commitment to fostering a shared culture of excellence and service as the facilities transition in alignment with Lineage’s global expansion strategy.

Industry Overview in the US

The cold storage industry in the United States is experiencing rapid growth, driven by increasing demand for frozen and perishable goods due to changing consumer behaviors and preferences.