From Our Print Edition

Lineage Logistics, Novi, Mich., announced last month that it has raised $1.7 billion in additional equity from new and existing strategic partners that will be used to “double down on our commitment to offering innovative, end-to-end supply chain solutions for customers worldwide,” according to president and CEO Greg Lehmkuhl.

The new capital will fuel Lineage’s investments in industry leading technology, including automation and proprietary software tools to help improve supply chain efficiencies. It will also be used to fund Lineage’s growth through greenfield developments, facility expansions and investments in clean energy initiatives.

The company announced in December that it will break ground on a next-generation facility near the Port of Savannah to handle fresh produce and perishable imports. Construction on the new $62 million building, which will create 65 new jobs, is expected to be complete by the end of 2022.