Lindsay buys SRT to enter Tasmania cold chain sector

                       Lindsay Australia Acquires SRT Logistics for A$108.2 Million to Expand into Tasmania's Cold Chain Market

Hobart, 10 June 2025 – Leading Australian logistics group Lindsay Australia Limited (ASX: LAU) has completed its acquisition of Tasmania-based SRT Logistics for A$108.2 million, marking its strategic entry into the island state's cold chain logistics market.
Strategic Expansion
SRT Logistics, Tasmania's largest cold chain specialist, operates:
6 strategic cold storage facilities (35,000 sqm total)
120 refrigerated trucks
Key export clients (seafood, dairy producers)
"This acquisition completes our national cold chain network," said Lindsay CEO Craig White, noting Tasmania's importance as a gateway for Australian fresh produce exports.
Market Impact
Industry consolidation: 17th logistics M&A in Australia in 3 years
Local economy: All 200 SRT jobs retained, with 50 new positions planned
Efficiency gains: 18% faster seafood deliveries to Melbourne
Future Plans
A$15 million facility upgrades include:
IoT temperature monitoring
Automated sorting systems
Renewable energy truck fleet
The deal boosts Lindsay's cold chain market share to 23%, surpassing key competitor Scott's Refrigerated Logistics.