FFP has made an investment of$ 25 Million in Lineage Logistics, a leader in one of the most dynamic in the supply chain under controlled temperature, offering integrated solutions for storage and distribution chilled to the largest global players in the agri-food industry, agriculture and distribution. Lineage operates one of only two national networks of americans, with 85 cold storage warehouses, spread over 20 States and has a turnover of about 1 billion. The investment of FFP has been carried out through Bay Grove, an investment platform dedicated to Lineage, founded and directed by Kevin Marchetti, and Adam Forste. The company is managed by its director general, Greg Lehmkuhl, with the support of Bay Grove to its strategy of external growth.
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FFP has also invested$ 25 Million, in a consortium led by Certares LP, in the company AmaWaterways, a family company that, since 15 years, offers river cruises primarily in Europe to customers in anglo-saxon countries. FFP is associated with Certares, a firm of investment on the sectors of travel and hospitality, which will manage the asset. AmaWaterways has 20 ships sailing on the Danube, the Rhine, the Moseille, the Hand, the Rhone, the Seine, the Garonne, and belgian waterways in the netherlands, the Douro river, the Mekong in south-east Asia and the Chobe in Africa. The company operates vessels are modern and spacious which offer on-board amenities and include a wide choice of shore excursions for active travellers. The company is led by Rudi Schreiner with Kristin Karst, which are all shareholders alongside the families of Murphy and McGeary. They have built a leader in luxury river cruises offer a high standard of services to customers.
Robert Peugeot said : “FFP is proud to support the development of two major players in their respective sectors, both of which have the majority of their customers in the United States. The growth potential and value creation are significant. Each company has a management team of high-level shareholders and professionals who have demonstrated their talent in order to grow these activities. ”
About FFP :
FFP is an investment company listed on Euronext, majority-owned by Etablissements Peugeot Frères and managed by Robert Peugeot. The group FFP is one of the main shareholders of Peugeot SA and pursues a policy of minority investments and long-term. The group FFP holds participations in listed companies (LISI, Zodiac Aerospace, SEB, DKSH or ORPEA), non-listed companies (IHS, or Eren Renewable Energy) and in private equity funds.
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