Americold said Thursday is has agreed to buy Canada-based Nova Cold Logistics for $254 million. The deal expands Americold’s position in Canada, a growing market with fragmented ownership of cold storage facilities. …
Americold Realty Trust announced today that the Company has entered into a definitive agreement to acquire privately-held Chiller Holdco, LLC (“Cloverleaf Cold Storage” or “Cloverleaf”) from Cloverleaf management and an investor group led by private equity funds managed by Blackstone (NYSE: BX) for a purchase price of $1.24 billion (subject to customary adjustments). The closing of the acquisition is subject to customary closing conditions and is expected to occur in the second quarter of 2019. …
Americold Realty Trust today announced that the Company intends to invest a total of approximately $126 million to $136 million in a planned expansion and redevelopment at its existing Atlanta major market campus, consisting of its Tradewater, Gateway, Westgate, Southgate, and Skygate facilities. …
Americold announced that the Company has acquired privately-held PortFresh Holdings, LLC (“PortFresh”), a leading temperature-controlled operator servicing fresh produce trade primarily through the Port of Savannah. In connection with its acquisition of PortFresh, Americold plans to build a new 15 million cubic foot state-of-the-art cold storage facility on adjacent land owned by PortFresh. …
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