Hillsboro-based Henningsen Cold Storage Co. reached a purchase agreement with Novi, Mich.-based Lineage Logistics, billed as “the world’s largest provider of temperature-controlled logistics.” While terms weren’t immediately released, it’ll likely be one of the state’s largest M&As of 2020, as speculation earlier this month had put the price in the $500 million range.

Paul Henningsen, Jr., president of Henningsen Cold Storage, worked on the deal along with attorney Tom Tongue of SchwabeA version of this article was originally published in the Portland Business Journal.

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This article was republished with permission from the Portland Business Journal.

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