Sidley is representing Lineage, Inc. (NASDAQ: LINE) in the US$247 million acquisition of multiple, existing cold storage warehouses and related assets from Tyson Foods, Inc. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025. At closing, Lineage will take over operations of the warehouses and enter into an additional, multi-year agreement with Tyson Foods under which it will design, build, and operate two next-generation, fully automated cold storage warehouses in major U.S. distribution markets. Lineage expects to deploy approximately US$1 billion of capital over the coming years on the acquisitions and the new warehouse developments.
Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific.
The Sidley team is being led by David Grubman and Adam Cromie (M&A and Private Equity), and includes Arthur Adler, Evan Kowalski, and David Hoff (M&A and Private Equity); Eric Wolf, Elizabeth Burns, and Ryan McLeod (Employee Benefits and Executive Compensation); Margaret Allen and Sophie Green (Labor, Employment and Immigration); Maureen Crough and Sarah Jehl (Environmental, Health, and Safety); Christian Brause and Dustin Anderson (Tax); Diane McEnroe and Kevin Sforza (Food, Drug and Medical Device); and Natalie Karam (Capital Markets).
