U.S., Nov. 20 -- In the latest significant move by a logistics company in the industry, Lineage Logistics LLC has begun to expand into the Asia-Pacific region with a deal to purchase upstart Emergent Cold.

The company is thought to be spending more than $900mn for Emergent, with the transaction set to increase Lineage's global footprint by around 8% to over 1.7bn cubic feet of capacity. The world's largest refrigerated-storage company worldwide, Lineage boasts giant customers such as Walmart, Tyson Foods, General Mills and Sysco.

It is expected that the acquisition will be finalised in 2020 and comes as shifting consumer tastes toward fresh foods and the rapid growth in online grocery sales fuel more demand for refrigerated storage. "Fo...