Americold Realty Trust Archives - Maritime Shipping News

Lineage Logistics snags another $1.7 billion in equity investment

4 January 2022

Lineage Logistics LLC, a logistics warehouse real estate investment trust (REIT), said Tuesday that it has raised $1.7 billion in equity from various investors, bringing to $6 billion the total equity that the Novi, Michigan-based company has raised in the past two years.

Lineage, the world’s largest cold storage industrial REIT with more than 2 billion cubic feet of capacity in 19 countries, said in a statement that it will use the proceeds to strengthen its balance sheet and fund new...

https://www.freightwaves.com/news/lineage-logistics-snags-another-17-billion-in-equity-investment

Lineage Logistics consigue otros $1.7 billones de dólares en inversiones de capital

4 January 2022

Lineage Logistics LLC, un fideicomiso de inversión inmobiliaria en almacenes logísticos (REIT), dijo el martes que ha recaudado 1.700 millones de dólares en capital de varios inversionistas, lo que eleva a 6.000 millones de dólares el capital total que la empresa con sede en Novi, Michigan, ha recaudado en los últimos dos años.

Lineage, el mayor REIT industrial de almacenamiento en frío del mundo, con más de 2.000 millones de pies cúbicos de capacidad en 19 países, dijo en un comunicado que...

https://www.freightwaves.com/news/lineage-logistics-consigue-otros-1-7-billones-de-dolares-en-inversiones-de-capital

Americold fires Fred Boehler, president and CEO, effective immediately

3 November 2021

Trucks loading/unloading at Americold facility

After nearly six years, Fred Boehler is out as president and CEO of Americold Realty Trust, the world’s largest publicly traded owner, operator and developer of temperature-controlled warehouses.

The board of trustees of the Atlanta-based real estate investment trust (REIT) said late Wednesday that Boehler was terminated without cause, effective immediately. Boehler, who had been with Americold for seven years, also resigned as a trustee.

George Chappelle, a food industry veteran, was named...

https://www.freightwaves.com/news/americold-fires-fred-boehler-president-and-ceo-effective-immediately

Americold acquires Agro Merchants Group in $1.74 billion deal

13 October 2020

Agro's Icestar facility in Santiago, Chile

Cold storage warehouse owner and operator Americold Realty Trust (NYSE: COLD) announced on Tuesday that it has entered into an agreement to acquire the world’s fourth-largest temperature-controlled operator, Agro Merchants Group, for $1.74 billion.

The announcement follows several others over the last two years as the Atlanta-based real estate investment trust continues to expand its network through acquisition. Americold added facilities in Florida and Texas in August and was chosen by the East...

https://s29755.pcdn.co/news/americold-acquires-agro-merchants-group-in-174-billion-deal

Americold announces two cold storage acquisitions

31 August 2020

Food supply chain warehouse operator Americold Realty Trust (NYSE: COLD) announces three facility acquisitions in a pair of deals after the close of Monday’s trading session.

The Atlanta-based real estate investment trust announced that it has purchased a newly constructed cold storage facility in Tampa, Florida, for $25 million and closed on the previously announced acquisition of AM-C Warehouses in Texas for $82.5 million.

Both deals were funded with cash.

“By growing our network of...

https://s29755.pcdn.co/news/americold-announces-two-cold-storage-acquisitions

Americold moving forward with New Zealand expansion

17 June 2020

Cold storage facility owner and operator Americold Realty Trust (NYSE: COLD) announced it has resumed construction on its New Zealand expansion project.

The company plans to spend approximately 65 million New Zealand dollars (U.S. $41.9 million) on the Auckland infrastructure project, which will add 4.6 million cubic feet and 27,000 pallet positions to the facility.

“We are excited to move forward on this opportunity to grow with our customers in this dynamic market. With this expansion,...

https://www.freightwaves.com/news/americold-moving-forward-with-new-zealand-expansion

Beef and chicken inventories surge in April

27 May 2020

U.S. beef and chicken inventories housed in cold storage facilities surge according to a report from agricultural data provider Gro Intelligence.

U.S. beef inventories were 13.9% higher year-over-year in April, 6% above the five-year average and chicken inventories climbed 6.1% compared to April 2019, 13.5% higher than the five-year average.

The report cited restaurant closures and the inability of processing houses to slow production as the reasons.

Beef inventories were drawn down 2.5% from...

https://s29755.pcdn.co/news/beef-and-chicken-inventories-surge-in-april