Maines Paper & Food Service QSR and Casual Dining Distribution Business Acquired By Lineage Logistics
~ Maines’ QSR and Casual Dining distribution customers, including Burger King, Tim Hortons and Darden Restaurants, Inc. to benefit from Lineage®’s end-to-end supply chain capabilities and world-leading warehouse network ~
~ Acquisition saves more than 850 U.S. jobs and ensures continuity within the food supply chain in the midst of the pandemic ~
Conklin, NY – May 19, 2020 – The Maines Paper & Foods Service, Inc (“Maines”), one of the leading foodservice distributors in the U. S., today announced that Lineage Logistics (“Lineage”, the world’s largest and most innovative provider of temperature-controlled logistics) has acquired substantially all of the operating assets of Maines and its operating subsidiaries. Ernst & Young Capital Advisors, LLC (EYCA) acted as the exclusive financial advisor to Maines in connection with the transaction. Maines provided food service logistics to many communities across the United States of America. The COVID-19 pandemic, including the “shelter-in-place” protocols enacted by the States has had a devastating impact on the food service and hospitality industry. Maines has not been spared by the COVID-19 pandemic. This transaction saves more than 850 jobs and strengthens the supply chain when the nation needs it the most. “Maines has served as a key distributor of America’s foodservice community over the last century, and today’s news ensures between 850 and 900 loyal associates of Maines continue to be employed in these most uncertain times. Also, our quick serve restaurant (QSR) and casual dining distribution business can continue to operate and service our customers for years to come as part of one of the best food supply chain networks in the world,” said Chris Mellon, President & CEO of Maines. “In Lineage, we’ve found a great partner with a stellar track record of doing business the right way and a reputation of taking care of its people, customers and communities.”
About Maines Paper & Food Service
Maines Paper & Food Service, Inc. is one of the largest independent foodservice distributors in the country with a 100-year history of helping restaurant owners and managers maximize the performance. For more information log onto www.maines.net.
About Lineage Logistics
Lineage is the industry’s leading innovator in temperature-controlled supply chain and logistics. Lineage’s expertise in end-to-end logistical solutions, its unrivaled real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste. As a result, Lineage helps customers ranging from Fortune 500 companies to small family-owned businesses increase the efficiency and protect the integrity of their temperature-controlled supply chain. In recognition of the company’s leading innovations, Lineage was recognized as the No 1. Data Science company on Fast Company’s Annual list of The World’s Most Innovative Companies in 2019, in addition to ranking 23rd overall in an evaluation of thousands of companies worldwide. (www.lineagelogistics.com)