The American holding company Lineage Logisticsone of the main suppliers of logistics solutions and industrial SCPI with global temperature controlannounced today, in a joint statement, its intention to acquire Grupo Fuentesthe Murcian company based in The Gossip Towers and one of the largest transport and cold storage operators. The operation could be more than a hundred millionaccording to market sources.
Grupo Fuentes operates a fleet of more than 500 vehicles and trailers, 6 logistics centres, a refrigerated warehouse and support services for these facilities. It is also founding member of Reefer Terminala strategic partnership to create an intermodal transport platform combining road and rail transport services in cold storage.
The President of Lineage in Europe, Hard Petersassured that “Spain is an important food producer in Europe, and our increased presence in this country thanks to the acquisition of Grupo Fuentes will allow us to manage a strategic link between southern and northern Europewhere Lineage has a strong existing footprint.”
“Grupo Fuentes will accelerate our continued expansion in transportation serviceswhich will allow us to offer complete solutions to our customers throughout the Lineage network and in Europe in general,” he says.
For his part, Rafael Fuentes, CEO of Grupo Fuentes, explained that his father “started the company with a single truck more than 30 years ago and the company has grown to become one of the leading transport service providers and logistics from Spain”.
“I am proud that the company is part of Lineage, as part of a global group at the forefront of innovation in the sector”, concludes Rafael Fuentes.
It is expected that hehe Fuentes family continues to run the Lineage business in Spain and playing a leading role in the expansion of Lineage’s road transport network across Europe, and overseeing the integration of the Fuentes Group into the Lineage family.”
Offices in Spain and the Netherlands
Although Grupo Fuentes is headquartered in the municipality of Torreño, it also has offices in Galicia, Madrid, Navarre, Valencia and the Netherlands. The company’s customers include some of Spain’s leading food and retail companies, with a significant portion of the business providing cold storage, transport and international transport services that cover Belgium, France, Germany, Italy, the Netherlands, Portugal and the United Kingdom.
In addition, Grupo Fuentes has a cold store in Murcia with 60,000 pallet places and plans to expand the site with an additional 40,000 platform seats.
It should be remembered that Lineage entered Spain for the first time in May 2021 with the acquisition of the warehouses of Frigoríficos de Navarra in Navarre and Asturias. The acquisition of Grupo Fuentes and its transport fleet is a add-on to recent Lineage expansion of its storage facilities in Europe.