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M&A Deal Summary

Lineage Acquires Pago Sp. z o.o.

On December 1, 2020, Lineage acquired transportation company Pago Sp. z o.o. from Tönnies Lebensmittel & Co. KG

Acquisition Highlights
  • This is Lineage’s 10th transaction in the Transportation sector.
  • This is Lineage’s 1st transaction in Poland.

M&A Deal Summary
Date 2020-12-01
Target Pago Sp. z o.o.
Sector Transportation
Buyer(s) Lineage
Sellers(s) Tönnies Lebensmittel & Co. KG
Deal Type Divestiture

Target

Pago Sp. z o.o.

Grodzisk Wielkopolski, Poland
Pago is a provider of frozen food logistics that successfully carries out projects combining warehouse and distribution logistics, meeting the needs of the most demanding customers, including the largest Polish manufacturers of frozen food, international concerns, and retail chains who expect the highest standards of service, ethics, and safety. Pago runs a network of modern frozen food logistics centers, developed in accordance with top construction and equipment standards, and its total storage capacity exceeds 190 000 pallet positions. One of its facilities is located in the Baltic Sea Port of Gdańsk, directly in the Deepwater Container Terminal, making Pago an important link in the supply chain in terms of global frozen food trade. Pago is based in Grodzisk Wielkopolski, Poland.

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Buyer(S) 1

Buyer

Lineage

Novi, Michigan, United States
Category Company
Founded 2012
Sector Real Estate
Employees26,000
Revenue 5.3B USD (2024)
DESCRIPTION

Lineage is a warehousing and logistics company built to deliver sophisticated, customized, and dependable cold supply solutions for a variety of customers worldwide. Lineage was founded in 2012 and is based in Novi, Michigan.

DEAL STATS #
Overall 29 of 47
Sector: Transportation M&A 10 of 20
Type: Divestiture M&A Deals 5 of 7
Country: Poland M&A 1 of 1
Year: 2020 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Allied Frozen Storage

Brockport, New York, United States

Allied Frozen Storage, Inc. is a provider of logistic storage services. Allied Frozen Storage was founded in 1983 and is based in Brockport, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 UTI

Rotterdam, Netherlands

UTI specializes in exporting and importing Full Container Load Cargo around the world. Apart from shipping both regular and temperature-controlled containers, UTI handles customs clearance and road transportation for more than 400 customers. UTI was founded in 1989 and is based in Rotterdam, Netherlands.

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Seller(S) 1

SELLER

Tönnies Lebensmittel & Co. KG

Rheda-Wiedenbrück, Germany
Category Company
Founded 1971
Sector Food
DESCRIPTION

Tönnies Lebensmittel GmbH & Co. KG is a family-owned company engaged in the core business with the slaughter, cutting and processing of pigs, sows and cattle.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Poland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 Heinz Tummel & Co. KG

Schöppingen, Germany

Heinz Tummel GmbH & Co. KG is a producer of processed pork meat.

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