New owner for Kloosterboer

The Kloosterboer refrigerated and frozen store group is being taken over by American industry peer Lineage Logistics. Kloosterboer is active, among other things, in the storage and transport of refrigerated products such as chips, meat and dairy.

Kloosterboer has 11 locations spread over the Netherlands, France, Germany, Canada and South Africa and employs more than 900 people. The history of the family business goes back to 1925 when the company started trading in fruit.

“Welcoming Kloosterboer to the Lineage family marks a monumental step towards our goal of becoming the world's most dynamic temperature-controlled logistics company in the world,” said Mike McClendom, Lineage's director of international operations, in a statement on the website.

Family stays involved
The amount involved in the acquisition has not been disclosed. A few years ago there were already rumors that Kloosterboer had been put up for sale. Bloomberg news agency then reported that the company would be valued at around €1 billion. The Kloosterboer family will remain involved in the company after the takeover. A portion of the proceeds from the sale will be used to take an interest in the new owner.

Jurphaas Lugtenburg

He is a market specialist in grains and other agricultural commodities at DCA Market Intelligence. He also focuses on onions, potatoes, and roughage. Jurphaas also runs an arable farm in Voorne-Putten (South Holland).

j.lugtenburg @boerenbusiness. Nl

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