Americold Realty Trust acquires Cloverleaf Cold Storage

|About: Americold Realty Trust (COLD)|By:, SA News Editor

Americold Realty Trust (NYSE:COLD) to acquire privately-held Chiller Holdco, LLC for $1.24B.

The closing of the acquisition is subject to customary closing conditions and is expected to occur in the second quarter of 2019.

Upon closing, Americold’s portfolio will consist of over 1B refrigerated cubic feet.

This acquisition enhances the Company’s position as the leading global owner and operator of temperature-controlled infrastructure while expanding relationships with existing high-quality customers.

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