|To our Valued Partners:
I am writing to inform of you of some very exciting news about our company. NOCS / Emergent Cold and our owner, Elliott Management, have reached an agreement to sell the company to U.S.-based Lineage Logistics, the world’s largest and most innovative provider of temperature-controlled logistics solutions.
Joining Lineage will accelerate our goal of providing the highest quality global cold chain solutions to our customers in nearly all corners of the world. Lineage has established itself as a clear leader in the industry, and expanding its global footprint and port presence with the addition of Emergent’s leadership team and expertise will create unprecedented opportunities for our collective customers.
Founded in 2008, Lineage is the combination of nearly 40 of the industry’s most respected family-owned and operated organizations. The company is owned and operated by Bay Grove Capital, LLC and has a strong, seasoned management team, led by President & CEO, Greg Lehmkuhl. Lineage has created a unique value proposition for customers that simply didn’t exist before in the cold storage industry, and we are thrilled to partner with them to serve you better.
Following close, the combined company will feature over 1.7 billion cubic feet of temperature-controlled capacity across 260 facilities in 10 countries, with a global footprint that now spans North America, Europe, Asia and Australia. Together, we will be able to offer you an unprecedented end-to-end logistics capability and provide industry-leading solutions to your most pressing challenges – wherever you do business.
I want to emphasize that nothing at all is changing with respect to our relationship, and any changes that do occur over time will be communicated clearly and in advance. The acquisition is expected to close in 2020, following customary closing conditions and regulatory approvals. Until then, it is business as usual at NOCS. We look forward to continuing to provide the highest quality service you have come to expect from us – with even more opportunities to meet your needs.
If you have any questions, please reach out to our sales team directly. On behalf of the entire NOCS family, we look forward to strengthening our most valuable partnership.
President & CEO
NOCS …Always Accountable ™