Americold Realty acquires Newport Cold in St. Paul, Minnesota for $56m Additionally, the completion of our previously-announced Nova Cold acquisition, expands our position in Canada, which is a growing market with fragmented ownership of cold storage facilities,” stated Fred Boehler, President and Chief Executive Officer of Americold.

In connection with its acquisition of PortFresh, Americold … Americold Realty Trust Expands Executive Leadership Team, Appoints Robert Chambers as Chief Commercial Officer Email Alerts.

By partnering with Americold, you can pay more attention to your customers, exceeding their expectations, and growing your business. Americold came from mergers and acquisitions involving Atlanta Ice and Coal Company, Atlanta City Brewing Company (later known as Atlanta Brewing and Ice Company,) Versacold, Munford, Jackson Atlantic, United Refrigerated Services, Atlas Cold Storage, and others. 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. All Rights Reserved. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Americold's history began in the early 20th century, around the time of the first ice and coal companies. Americold Realty Trust has acquired Newport-St. Paul Cold Storage (Newport Cold), a 6.1 million cubic foot temperature-controlled storage facility located in St. Paul, Minnesota, for US$56.0 million. “We are excited to announce the acquisition of Newport Cold, which deepens our presence in the Minneapolis-St. Paul market. Americold offers the most comprehensive temperature-controlled storage and distribution network available, supported by the most advanced technology, and with a singular focus on customer service.

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Americold Realty Trust (NYSE: COLD) acquires Newport-St. Paul Cold Storage, a 6.1M cubic-foot temperature controlled storage facility in St. Paul, MN, for $56M. Separately, the company has closed on its previously announced acquisition of Nova Cold Logistics, an owner and operator of three temperature-controlled storage facilities in Canada.“Both of these acquisitions provide attractive returns on a stabilized, leverage neutral basis, with additional opportunities to enhance returns over the next two to three years by implementing our best-in-class commercial business practices and the Americold Operating System,” said Americold President and CEO Fred Boehler.The Newport Cold transaction was completed at a year one NOI yield, reflective of Americold Operating System implementation costs, of ~7.5% and is being funded with cash on the balance sheet. Americold Realty Trust to Form Strategic Joint Venture in Brazil and Acquire 15% Ownership in SuperFrio for BRL $118 Million ... Americold Realty Trust Announces Acquisition of Newport Cold for $56 Million January 8, 2020. Newport Cold’s facility contains approximately 26,000 pallet positions and offers 3 acres of adjoining land available for expansion. “Both of these acquisitions provide attractive returns on a stabilized, leverage neutral basis, with additional opportunities to enhance returns over the next two to three years by implementing our best-in-class commercial business practices and the Americold Operating System,” he added.Newport Cold Storage is a 6.1 million cubic foot temperature-controlled facility, containing approximately 26,000 pallet positions located in St. Paul, Minnesota.We are using cookies to give you the best experience on our website.You can find out more about which cookies we are using or switch them off in This website uses cookies so that we can provide you with the best user experience possible. According to Atlanta-based Americold, the acquisition deepens its presence in the … Americold Realty Trust has acquired Newport-St. Paul Cold Storage (“Newport Cold”), a 6.1 million cubic foot temperature-controlled storage facility located in St. Paul, Minnesota, for $56 million.

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Americold Realty Trust acquired Newport-St. Paul Cold Storage (Newport Cold), a 6.1 million ft3 temperature-controlled storage facility located in St. Paul, Minn., for $56 million.