Frozen Food Company Yearsley Logistic Acquired by Lineage Logistics Holdings Read more on: The Freeze Dry Meal Blog
Yearlsy Logistics has been in the frozen foods industry for a very long time already. According to different news reports, the company has been a leading frozen foods distributor for 66 years. After all these years in business, Yearsley has been acquired by Lineage Logistics Holdings.
A report published on OAOA by an associated press show that Yearsley has demonstrated the best business practices over the years, which explains why it has a strong consumer base.
US-Based Lineage Logistics Acquires UK Cold Storage, Frozen Food and Logistics Service Provider Yearsley Group
Yearsley has demonstrated a strong commitment to developing longstanding, bespoke customer relationships that is consistent with how we do business at Lineage. Bringing Yearsley into the Lineage family enables us to better serve customers in the UK market and further reinforces our international logistics capabilities,” said Greg Lehmkuhl, President and Chief Executive Officer of Lineage Logistics.
The same report shows that Lineage Logistics Holding will continue to provide the best customer service and grow the international workforce.
According to Shelina Begum, an author on Manchester Evening News, Yearsley Logistics has multiple business resources that easily and efficiently fuel the company’s operations.
Frozen food haulier Yearsley sold to US giant
Yearsley, which was established 66-years ago, operates a network of 12 cold stores nationwide with over 300 vehicles. Also included in the transaction is Yearsley Food, a national frozen food supplier that supports customers across retail, food service, food manufacturing and export channels.
Jonathan Boyers, head of M&A at KPMG, said: “This is a landmark transaction for the logistics and frozen food sectors, both of which are currently seeing elevated levels of M&A activity, and is a great example of the continuing global interest being shown in high-quality British businesses from overseas investors, despite the uncertainties posed by Brexit.
The former management of the company says that they hope the company will continue to grow under the new management of Lineage Logistic Holdings.
According to Matthew Ord, a digital staff writer at Insider Media, Yearsley operates in different regions and the new acquisition will see to it that these regions are well served.
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"Bringing Yearsley into the Lineage family enables us to better serve customers in the UK market and further reinforces our international logistics capabilities."
Yearsley has operations in Belle Eau Park, Bellshill, Bristol, Coleshill, Gillingham, Grimsby, Hams Hall, Holmewood, Peterborough, Seaham and Wisbech.
And with the Lineage Logistics Holdings well known for serving big as well as small businesses in the most efficient way possible, Yearsley is definitely expected to grow.
Conclusion
Based on a number of reports on this acquisition, Yearsley did not reveal how much the business deal was.
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