Lineage and BSF Extend 25-Year Relationship Based on Trust and Innovation

Agreement renewal comes as BSF continues to expand food offerings

JACKSONVILLE, Fla. and NOVI, Mich., Sept. 29, 2026 (GLOBE NEWSWIRE) -- BSF, a leading seafood processor and distributor, and Lineage, Inc., the world's largest global temperature-controlled warehouse REIT, announced on Wednesday, September 23, a two-year extension of their commercial agreement, continuing a relationship that spans nearly 25 years. The extension runs through June 30, 2028.

Under the renewed agreement, Lineage will continue to manage warehousing and distribution operations for BSF, which stores more than 800 cooked and raw seafood SKUs across two dedicated facilities built specifically to serve the seafood company's needs. BSF, which rebranded from Beaver Street Fisheries earlier this year, ships to major food retailers and food service companies nationwide.

"Lineage is a company we consider family, not just a vendor," said Mark Frisch, CEO of BSF. "Lineage has grown with us for 25 years, building facilities around our business and standing with us through every challenge, including helping us recover a load of stolen crab earlier this year. As we rebrand and expand the company, we needed a partner we could trust to grow with us, and that's exactly what we have in Lineage."

BSF's operations are known for their complexity, including last-minute order requests and multi-stop, consolidated loads. Working with Lineage has maintained strong service metrics: 100% advance shipping notice (ASN) compliance at both facilities, a 99.99% order fill rate, minimal claims, and on-time delivery scores of 95% or above for retail and foodservice shipments. Average turn times run about 35 minutes overall, with the most complex multi-stop trucks, those carrying 30 to 40 pallets and 15 to 50 individual items, averaging closer to 50 minutes.

"BSF is one of the clearest examples of what our partnership model is built to do," said Tim Smith, Chief Commercial Officer of Lineage. "They process and distribute frozen seafood out of their Jacksonville facility and rely on us to help them meet multi-week inventory requirements by retailers and foodservice operators across a national footprint covering all 48 contiguous states. Extending this agreement through 2028 reflects the trust BSF has placed in Lineage, and we don't take that lightly."

Ryan Laurent, Vice President, Business Development of Lineage, said the relationship's longevity reflects the depth of collaboration between the two companies.

"Twenty-five years, two purpose-built facilities and a track record of solving problems together is the basis of this relationship," Laurent said. "BSF operates with a level of precision and passion that few companies match, and our teams have built the kind of trust that lets us move fast when it matters, whether that's a last-minute order or recovering a stolen shipment. We're proud to help BSF serve as a supplier of choice to major retailers, and we're looking forward to supporting the company's next chapter as it grows beyond seafood."

About BSF
BSF is a privately held, $800 million, American-owned seafood sourcing and distribution company providing retail and foodservice customers across the U.S. with reliable access to a diverse portfolio of seafood products. Leveraging a global supplier network, national distribution capabilities and decades of industry expertise, BSF combines a commitment to responsible sourcing and quality with personalized service to help customers navigate complex supply chains, food safety regulations and evolving market demands. For more information, visit bsfseafood.com.

About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of 498 strategically located facilities totaling approximately 88 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific, as of June 30, 2026. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.

Forward-Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

Media Contacts
Candice Nagel
VP of Marketing
BSF
cnagel@bsfseafood.com

Christina Wiese
Public Relations Manager
Lineage
pr@onelineage.com