Bay Grove-backed Lineage Logistics to acquire the cold storage division of Claus Sørensen Group.

Bay Grove-backed Lineage Logistics, a global temperature-controlled industrial REIT and logistics solutions provider, agreed to acquire the cold storage division of Claus Sørensen Group, a cold storage operator in Denmark. Financial terms were not disclosed. "At Lineage, we actively look for opportunities to strengthen our leading facility network and deliver strategic value to our customers by connecting more dots within their supply chains. Our acquisition of Claus Sørensen will amplify our reach in the Nordic region and will add a highly capable team to our European organization," Greg Lehmkuhl, Lineage President and CEO.