Sale of Yearsley to US-based Lineage Logistics
We have advised Yearsley, the UK’s largest frozen food logistics provider, on its sale to US warehousing company, Lineage Logistics.
Greater Manchester headquartered Yearsley specialises in the frozen food industry, predominantly within the sales and logistics sector. Established in 1952, the group has since gone from strength to strength, operating a nationwide network of 12 stores cold stores and more than 300 vehicles. Frozen food wholesaler Yearsley Food was also included in the sale to Lineage Logistics.
Lineage Logistics operates internationally and is the second-largest refrigerated storage company globally. This deal will allow Yearsley to increase its international footprint and extend its supply chain.
Our Corporate team was led by partners Charles Glaskie and Rebecca Grisewood, supported by associate Leigh Whittaker, solicitor Victoria Brown and qualifying paralegal Alex Taylor.
Charles Glaskie said: “We are pleased to have advised on this landmark transaction. This is an exciting time for Yearsley and we look forward to seeing its continued growth under the ownership of Lineage Logistics.”
Jonathan Baker, chief executive of Yearsley Group, said: “Our acquisition by Lineage is a tremendous opportunity for Yearsley customers and employees alike. Lineage’s commitment to innovation and service is unmatched and we are excited to strengthen our ability to partner and grow with customers on a global scale unlike ever before.”
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