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Stock impact report

Americold Acquires PortFresh Holdings and Plans to Develop State of the Art Facility to Support Temperature-Controlled Trade Through the Port of Savannah

Americold Realty Trust, Inc. (COLD) 
Last americold realty trust, inc. earnings: 2/20 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.americold.com
Company Research Source: Business Wire
ATLANTA--(BUSINESS WIRE)-- Americold Realty Trust (NYSE: COLD), (the “Company” or “Americold”), the world’s largest owner and operator of temperature-controlled facilities and infrastructure, today 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. The total cost of the acquisition, including approximately 163 acres of contiguous land, is approximately $35 million. The cost of the planned new build is expected to be between $55 to $65 million. Americold funded the acquisition with cash on hand and expects to fund the development from available capital resources. “The Port of Sa Show less Read more
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