Columbia Colstor sold to Lineage Logistics
Columbia Colstor has been sold to one of the largest temperature-controlled warehousing and logistics companies in the world.
Lineage Logistics, based in Colton, Calif., announced late last week that it has acquired Columbia Colstor, which has headquarters in Moses Lake but has facilities throughout Eastern Washington, including two in Quincy.
With the acquisition of Colstor, Lineage doubles its presence in the Pacific Northwest to 11 locations, according to a press release from Lineage.
Lineage’s national footprint now reaches more than 600 million cubic feet across 111 facilities in 21 states, representing the second largest refrigerated warehouse network globally, according to the press release.
Financial terms of the transaction were not disclosed.
Founded in 1983 by President Don McGraw, Columbia Colstor encompasses more than 52 million cubic feet of temperature-controlled storage capacity, which represents the 11th largest in North America, according to data from the International Association of Refrigerated Warehouses. Its first warehouse was built in Quincy. Colstor later built its international intermodal warehouse in Quincy.
With facilities also in Kennewick, Othello, Woodland and Wenatchee, Colstor serves food processing customers as well as seafood customers near the western Washington and Oregon border.
“By joining Lineage, we can access a national network of facilities and offer additional logistics solutions that will allow our business and customers alike to continue to thrive,” said McGraw in a written statement. “We see great alignment between Lineage’s dedication to providing world-class customer service and our own, and I am excited about our future as a part of Lineage.”
McGraw will remain active in the combined company as an investor and advisor, according to the press release from Lineage.