{"success":true,"data":{"pressRelease":{"id":"155866","rtpr_id":"nGNX6xlTGS-20260929","ticker":"LINE","exchange":"NASDAQ","all_tickers":["LINE"],"title":"Lineage and BSF Extend 25-Year Relationship Based on Trust and Innovation","author":"Globe Newswire","published_at":"2026-09-29T18:10:46.104Z","article_body":"JACKSONVILLE, Fla. and NOVI, Mich., Sept. 29, 2026 (GLOBE NEWSWIRE) -- BSF, a\nleading seafood processor and distributor, and Lineage, Inc., the world's\nlargest global temperature-controlled warehouse REIT, announced on Wednesday,\nSeptember 23, a two-year extension of their commercial agreement, continuing a\nrelationship that spans nearly 25 years. The extension runs through June 30,\n2028.\n\nUnder the renewed agreement, Lineage will continue to manage warehousing and\ndistribution operations for BSF, which stores more than 800 cooked and raw\nseafood SKUs across two dedicated facilities built specifically to serve the\nseafood company's needs. BSF, which rebranded from Beaver Street Fisheries\nearlier this year, ships to major food retailers and food service companies\nnationwide.\n\n\"Lineage is a company we consider family, not just a vendor,\" said Mark\nFrisch, CEO of BSF. \"Lineage has grown with us for 25 years, building\nfacilities around our business and standing with us through every challenge,\nincluding helping us recover a load of stolen crab earlier this year. As we\nrebrand and expand the company, we needed a partner we could trust to grow\nwith us, and that's exactly what we have in Lineage.\"\n\nBSF's operations are known for their complexity, including last-minute order\nrequests and multi-stop, consolidated loads. Working with Lineage has\nmaintained strong service metrics: 100% advance shipping notice (ASN)\ncompliance at both facilities, a 99.99% order fill rate, minimal claims, and\non-time delivery scores of 95% or above for retail and foodservice shipments.\nAverage turn times run about 35 minutes overall, with the most complex\nmulti-stop trucks, those carrying 30 to 40 pallets and 15 to 50 individual\nitems, averaging closer to 50 minutes.\n\n\"BSF is one of the clearest examples of what our partnership model is built to\ndo,\" said Tim Smith, Chief Commercial Officer of Lineage. \"They process and\ndistribute frozen seafood out of their Jacksonville facility and rely on us to\nhelp them meet multi-week inventory requirements by retailers and foodservice\noperators across a national footprint covering all 48 contiguous states.\nExtending this agreement through 2028 reflects the trust BSF has placed in\nLineage, and we don't take that lightly.\"\n\nRyan Laurent, Vice President, Business Development of Lineage, said the\nrelationship's longevity reflects the depth of collaboration between the two\ncompanies.\n\n\"Twenty-five years, two purpose-built facilities and a track record of solving\nproblems together is the basis of this relationship,\" Laurent said. \"BSF\noperates with a level of precision and passion that few companies match, and\nour teams have built the kind of trust that lets us move fast when it matters,\nwhether that's a last-minute order or recovering a stolen shipment. We're\nproud to help BSF serve as a supplier of choice to major retailers, and we're\nlooking forward to supporting the company's next chapter as it grows beyond\nseafood.\"\n\nAbout BSF\nBSF is a privately held, $800 million, American-owned seafood sourcing and\ndistribution company providing retail and foodservice customers across the\nU.S. with reliable access to a diverse portfolio of seafood products.\nLeveraging a global supplier network, national distribution capabilities and\ndecades of industry expertise, BSF combines a commitment to responsible\nsourcing and quality with personalized service to help customers navigate\ncomplex supply chains, food safety regulations and evolving market demands.\nFor more information, visit bsfseafood.com\n(https://www.globenewswire.com/Tracker?data=KL1sB1QFZY9fplNGQXdaFD4kBavNxeA3XKLQu0-8qfncIAy0Q0tsTpjMul6f_MEMYrDYIdovJiW_GY1MfkKbuQ==).\n\nAbout Lineage\nLineage, Inc. (NASDAQ: LINE) is the world’s largest global\ntemperature-controlled warehouse REIT with a network of 498 strategically\nlocated facilities totaling approximately 88 million square feet and\napproximately 3.1 billion cubic feet of capacity across countries in North\nAmerica, Europe, and Asia-Pacific, as of June 30, 2026. Coupling end-to-end\nsupply chain solutions and technology, Lineage partners with some of the\nworld’s largest food and beverage producers, retailers, and distributors to\nhelp increase distribution efficiency, advance sustainability, minimize supply\nchain waste, and, most importantly, feed the world. Learn more\nat onelineage.com\n(https://www.globenewswire.com/Tracker?data=IHQO-3dMdXsEGqfb1m2rNHAsqTUcRTUr1PjPBrgHx6PhN-1CyW47peMhtocjZhNn4fKc5UfnjQYgK8b8LcB4jCoJXcVY3AzWQpEaxiMyRvc=) and\njoin us on LinkedIn\n(https://www.globenewswire.com/Tracker?data=a6QImOB9qC3pcAoyOAlSTt5rPoR3hoAoYSlPyLfwmwde28xRi1faalOiHVwAi7KUdxlV9-UFrc0HpS7OebJmeeMN6nNiVqYLlilQ1O_F42Y=), Facebook\n(https://www.globenewswire.com/Tracker?data=JqKapH37xmGMPxGdEEBwZBBbTj5mFJ6wwXT51yCC9vWLuQdXyJotkiXl3eRG186bCJpTJEdJBT7Vo-VbPSBcWZPVRNy71z-NBpUPnkRI3G4=), Instagram\n(https://www.globenewswire.com/Tracker?data=W2OCxei-6P7qzBpg7yNdmA1i9qFdtwZpe3uFcH_YIsmLzAcPhi6mM26trU2sSgab443VPHqnUSSoOSyyqIuQh7u38YvP1fMxEhqTQ2tg8H0=),\nand X\n(https://www.globenewswire.com/Tracker?data=Id2NMmXEY3289B2M_D0uErO8BDuOZKgKMvrn0Dk46ekBxCZPLCTpF9QtClSI_YcX8Rrq1LrJcWipOubmePjrMQ==).\n\nForward-Looking Statements\nCertain statements contained in this press release may be considered\nforward-looking statements within the meaning of Section 27A of the Securities\nAct of 1933, as amended, and Section 21E of the Securities Exchange Act of\n1934, as amended. Lineage intends for all such forward-looking statements to\nbe covered by the applicable safe harbor provisions for forward-looking\nstatements contained in those acts. Such forward-looking statements can\ngenerally be identified by Lineage’s use of forward-looking terminology such\nas “may,” “will,” “expect,” “intend,” “anticipate,”\n“estimate,” “believe,” “continue,” “seek,” “objective,”\n“goal,” “strategy,” “plan,” “focus,” “priority,”\n“should,” “could,” “potential,” “possible,” “look\nforward,” “optimistic,” or other similar words. Readers are cautioned\nnot to place undue reliance on these forward-looking statements, which speak\nonly as of the date of this press release. Such statements are subject to\ncertain risks and uncertainties, including known and unknown risks, which\ncould cause actual results to differ materially from those projected or\nanticipated. Therefore, such statements are not intended to be a guarantee of\nLineage’s performance in future periods. Except as required by law, Lineage\ndoes not undertake any obligation to update or revise any forward-looking\nstatements contained in this release.\n\nMedia Contacts\nCandice Nagel\nVP of Marketing\nBSF\ncnagel@bsfseafood.com\n\nChristina Wiese\nPublic Relations Manager\nLineage\npr@onelineage.com \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/9c4a77c4-2d13-4609-b1c2-2444b718de5b)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6xlTGS-20260929","title":"Lineage and BSF Extend 25-Year Relationship Based on Trust and Innovation","author":"Globe Newswire","ticker":"LINE","created":"2026-09-29T18:10:46.104Z","tickers":["LINE"],"exchange":"NASDAQ","article_body":"JACKSONVILLE, Fla. and NOVI, Mich., Sept. 29, 2026 (GLOBE NEWSWIRE) -- BSF, a\nleading seafood processor and distributor, and Lineage, Inc., the world's\nlargest global temperature-controlled warehouse REIT, announced on Wednesday,\nSeptember 23, a two-year extension of their commercial agreement, continuing a\nrelationship that spans nearly 25 years. The extension runs through June 30,\n2028.\n\nUnder the renewed agreement, Lineage will continue to manage warehousing and\ndistribution operations for BSF, which stores more than 800 cooked and raw\nseafood SKUs across two dedicated facilities built specifically to serve the\nseafood company's needs. BSF, which rebranded from Beaver Street Fisheries\nearlier this year, ships to major food retailers and food service companies\nnationwide.\n\n\"Lineage is a company we consider family, not just a vendor,\" said Mark\nFrisch, CEO of BSF. \"Lineage has grown with us for 25 years, building\nfacilities around our business and standing with us through every challenge,\nincluding helping us recover a load of stolen crab earlier this year. As we\nrebrand and expand the company, we needed a partner we could trust to grow\nwith us, and that's exactly what we have in Lineage.\"\n\nBSF's operations are known for their complexity, including last-minute order\nrequests and multi-stop, consolidated loads. Working with Lineage has\nmaintained strong service metrics: 100% advance shipping notice (ASN)\ncompliance at both facilities, a 99.99% order fill rate, minimal claims, and\non-time delivery scores of 95% or above for retail and foodservice shipments.\nAverage turn times run about 35 minutes overall, with the most complex\nmulti-stop trucks, those carrying 30 to 40 pallets and 15 to 50 individual\nitems, averaging closer to 50 minutes.\n\n\"BSF is one of the clearest examples of what our partnership model is built to\ndo,\" said Tim Smith, Chief Commercial Officer of Lineage. \"They process and\ndistribute frozen seafood out of their Jacksonville facility and rely on us to\nhelp them meet multi-week inventory requirements by retailers and foodservice\noperators across a national footprint covering all 48 contiguous states.\nExtending this agreement through 2028 reflects the trust BSF has placed in\nLineage, and we don't take that lightly.\"\n\nRyan Laurent, Vice President, Business Development of Lineage, said the\nrelationship's longevity reflects the depth of collaboration between the two\ncompanies.\n\n\"Twenty-five years, two purpose-built facilities and a track record of solving\nproblems together is the basis of this relationship,\" Laurent said. \"BSF\noperates with a level of precision and passion that few companies match, and\nour teams have built the kind of trust that lets us move fast when it matters,\nwhether that's a last-minute order or recovering a stolen shipment. We're\nproud to help BSF serve as a supplier of choice to major retailers, and we're\nlooking forward to supporting the company's next chapter as it grows beyond\nseafood.\"\n\nAbout BSF\nBSF is a privately held, $800 million, American-owned seafood sourcing and\ndistribution company providing retail and foodservice customers across the\nU.S. with reliable access to a diverse portfolio of seafood products.\nLeveraging a global supplier network, national distribution capabilities and\ndecades of industry expertise, BSF combines a commitment to responsible\nsourcing and quality with personalized service to help customers navigate\ncomplex supply chains, food safety regulations and evolving market demands.\nFor more information, visit bsfseafood.com\n(https://www.globenewswire.com/Tracker?data=KL1sB1QFZY9fplNGQXdaFD4kBavNxeA3XKLQu0-8qfncIAy0Q0tsTpjMul6f_MEMYrDYIdovJiW_GY1MfkKbuQ==).\n\nAbout Lineage\nLineage, Inc. (NASDAQ: LINE) is the world’s largest global\ntemperature-controlled warehouse REIT with a network of 498 strategically\nlocated facilities totaling approximately 88 million square feet and\napproximately 3.1 billion cubic feet of capacity across countries in North\nAmerica, Europe, and Asia-Pacific, as of June 30, 2026. Coupling end-to-end\nsupply chain solutions and technology, Lineage partners with some of the\nworld’s largest food and beverage producers, retailers, and distributors to\nhelp increase distribution efficiency, advance sustainability, minimize supply\nchain waste, and, most importantly, feed the world. Learn more\nat onelineage.com\n(https://www.globenewswire.com/Tracker?data=IHQO-3dMdXsEGqfb1m2rNHAsqTUcRTUr1PjPBrgHx6PhN-1CyW47peMhtocjZhNn4fKc5UfnjQYgK8b8LcB4jCoJXcVY3AzWQpEaxiMyRvc=) and\njoin us on LinkedIn\n(https://www.globenewswire.com/Tracker?data=a6QImOB9qC3pcAoyOAlSTt5rPoR3hoAoYSlPyLfwmwde28xRi1faalOiHVwAi7KUdxlV9-UFrc0HpS7OebJmeeMN6nNiVqYLlilQ1O_F42Y=), Facebook\n(https://www.globenewswire.com/Tracker?data=JqKapH37xmGMPxGdEEBwZBBbTj5mFJ6wwXT51yCC9vWLuQdXyJotkiXl3eRG186bCJpTJEdJBT7Vo-VbPSBcWZPVRNy71z-NBpUPnkRI3G4=), Instagram\n(https://www.globenewswire.com/Tracker?data=W2OCxei-6P7qzBpg7yNdmA1i9qFdtwZpe3uFcH_YIsmLzAcPhi6mM26trU2sSgab443VPHqnUSSoOSyyqIuQh7u38YvP1fMxEhqTQ2tg8H0=),\nand X\n(https://www.globenewswire.com/Tracker?data=Id2NMmXEY3289B2M_D0uErO8BDuOZKgKMvrn0Dk46ekBxCZPLCTpF9QtClSI_YcX8Rrq1LrJcWipOubmePjrMQ==).\n\nForward-Looking Statements\nCertain statements contained in this press release may be considered\nforward-looking statements within the meaning of Section 27A of the Securities\nAct of 1933, as amended, and Section 21E of the Securities Exchange Act of\n1934, as amended. Lineage intends for all such forward-looking statements to\nbe covered by the applicable safe harbor provisions for forward-looking\nstatements contained in those acts. Such forward-looking statements can\ngenerally be identified by Lineage’s use of forward-looking terminology such\nas “may,” “will,” “expect,” “intend,” “anticipate,”\n“estimate,” “believe,” “continue,” “seek,” “objective,”\n“goal,” “strategy,” “plan,” “focus,” “priority,”\n“should,” “could,” “potential,” “possible,” “look\nforward,” “optimistic,” or other similar words. Readers are cautioned\nnot to place undue reliance on these forward-looking statements, which speak\nonly as of the date of this press release. Such statements are subject to\ncertain risks and uncertainties, including known and unknown risks, which\ncould cause actual results to differ materially from those projected or\nanticipated. Therefore, such statements are not intended to be a guarantee of\nLineage’s performance in future periods. Except as required by law, Lineage\ndoes not undertake any obligation to update or revise any forward-looking\nstatements contained in this release.\n\nMedia Contacts\nCandice Nagel\nVP of Marketing\nBSF\ncnagel@bsfseafood.com\n\nChristina Wiese\nPublic Relations Manager\nLineage\npr@onelineage.com \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/9c4a77c4-2d13-4609-b1c2-2444b718de5b)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-29T18:10:46.142231983Z","server_sent_at_ms":1790705446142},"received_at":"2026-09-29T18:10:46.194Z","source_url":null},"analysis":{"id":"144584","press_release_id":"155866","analysis_json":{"industry":{"label":"Specialized REITs","sector":"Real Estate"},"redFlags":[],"eventType":"partnership","narrative":"Lineage extended its commercial agreement with seafood processor BSF by two years, running through June 30, 2028, continuing a relationship spanning nearly 25 years.\n\nUnder the renewal, Lineage manages warehousing and distribution for more than 800 seafood SKUs across two dedicated facilities built for BSF, with 99.99% order fill rates and 100% ASN compliance.\n\nThe extension locks in revenue visibility at a long-tenured customer, though it is a renewal of existing business rather than new contract wins.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Contract renewal with a 25-year customer underscores Lineage's sticky, dedicated-facility partnership model but adds little new financial information."},"keyFigures":{"customDimensions":{"skus_stored":"more than 800","asn_compliance":"100%","order_fill_rate":"99.99%","on_time_delivery":"95% or above","agreement_through":"June 30, 2028","dedicated_facilities":2,"agreement_extension_years":2,"relationship_length_years":25}},"quotedText":"Lineage is a company we consider family, not just a vendor","namedEntities":{"people":[{"name":"Mark Frisch","role":"CEO of BSF"},{"name":"Tim Smith","role":"Chief Commercial Officer of Lineage"},{"name":"Ryan Laurent","role":"Vice President, Business Development of Lineage"}],"products":[],"companies":[{"name":"Lineage, Inc.","ticker":"LINE","relationship":"filer / warehouse REIT service provider"},{"name":"BSF (formerly Beaver Street Fisheries)","relationship":"customer"}],"dollarAmounts":[{"amount":"$800 million","context":"BSF's annual revenue as described in its boilerplate"}]},"materialImpact":{"score":2,"reasoning":"A two-year extension of an existing commercial relationship through June 2028 provides modest revenue visibility but is a renewal, not a new contract or material new business."},"tickerRelevance":{"others":[],"primary":"LINE"},"globalImportance":18,"audienceRelevance":15,"eventTypeSecondary":["operations_update"],"importanceComponents":{"novelty":"renewal-not-new-business","tickerTier":"large-cap REIT","eventGravity":"contract-renewal","issuerAuthored":true}},"event_type":"partnership","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"Lineage extended its commercial agreement with seafood processor BSF by two years, running through June 30, 2028, continuing a relationship spanning nearly 25 years.\n\nUnder the renewal, Lineage manages warehousing and distribution for more than 800 seafood SKUs across two dedicated facilities built for BSF, with 99.99% order fill rates and 100% ASN compliance.\n\nThe extension locks in revenue visibility at a long-tenured customer, though it is a renewal of existing business rather than new contract wins.","key_figures":{"customDimensions":{"skus_stored":"more than 800","asn_compliance":"100%","order_fill_rate":"99.99%","on_time_delivery":"95% or above","agreement_through":"June 30, 2028","dedicated_facilities":2,"agreement_extension_years":2,"relationship_length_years":25}},"named_entities":{"people":[{"name":"Mark Frisch","role":"CEO of BSF"},{"name":"Tim Smith","role":"Chief Commercial Officer of Lineage"},{"name":"Ryan Laurent","role":"Vice President, Business Development of Lineage"}],"products":[],"companies":[{"name":"Lineage, Inc.","ticker":"LINE","relationship":"filer / warehouse REIT service provider"},{"name":"BSF (formerly Beaver Street Fisheries)","relationship":"customer"}],"dollarAmounts":[{"amount":"$800 million","context":"BSF's annual revenue as described in its boilerplate"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-29T18:10:51.422Z","global_importance":18,"audience_relevance":15,"importance_components":{"novelty":"renewal-not-new-business","tickerTier":"large-cap REIT","eventGravity":"contract-renewal","issuerAuthored":true}},"durationMs":5205,"modelName":"glm-5.3-flashx"}}