ATLANTA — Americold Realty Trust Inc. announces that it has signed an agreement to acquire a facility in Houston, Texas, for a total investment of approximately $127 million including planned expansion and equipment upgrades. The acquisition will add approximately 35,700 pallet positions to Americold’s cold storage warehouse portfolio.
“The catalyst for this acquisition was the award of a large grocery retail contract with one of the world’s largest retailers,” George Chappelle, Americold CEO, said. “The new business represents a significant win in our $200M sales initiative. This is a compelling example of Americold’s strategy to. . .
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