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Announced

Completed

Lineage Logistics completed the acquisition of QSR and casual dining distribution business from Maines Paper & Food Service.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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foodservice distributor

Private

Friendly

Single Bidder

Acquisition

Majority

Food Products

United States

food products

Completed

Synopsis

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Lineage Logistics, the world’s largest provider of temperature-controlled logistics solutions, completed the acquisition of QSR and casual dining distribution business from Maines Paper & Food Service, an American foodservice distributor. Financial terms were not disclosed. “To complete this acquisition in the midst of a worldwide pandemic while the nation is facing economic headwinds is extraordinary, but we continue to bet on America and are thrilled to further support our front line heroes in the food supply chain, like those at Lineage and Maines. We look forward to the opportunity to step up and help our customers stabilize their supply chain, preserve hundreds of jobs for hardworking Maines employees and ensure we continue to feed the world,” Greg Lehmkuhl, Lineage President & CEO.

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