Americold Announces Purchase of Facility in Houston, Texas to Accommodate Customer Growth
Americold Realty Trust (NYSE: COLD) has announced the acquisition of a temperature-controlled facility in Houston, Texas for $127 million, including planned expansion and equipment upgrades. The facility, located in Cedar Port Industrial Park in Baytown, will add 35,700 pallet positions to Americold's cold storage warehouse portfolio.
The acquisition was driven by securing a major grocery retail contract with one of the world's largest retailers, representing a significant achievement in Americold's $200M sales initiative. The facility, constructed in 2022, features 10.7 million cubic feet of space and includes 16 acres of adjacent land for potential future expansion.
This strategic move strengthens Americold's market position in the high-turn retail segment of the cold storage supply chain, where they currently hold the highest market share. The company expects returns from this acquisition to align with their historical return expectations for similar acquisitions.
Americold Realty Trust (NYSE: COLD) ha annunciato l'acquisizione di una struttura a temperatura controllata a Houston, Texas, per 127 milioni di dollari, inclusi piani di espansione e aggiornamenti delle attrezzature. La struttura, situata nel Cedar Port Industrial Park a Baytown, aggiungerà 35.700 posizioni per pallet al portafoglio di magazzini a freddo di Americold.
L'acquisizione è stata motivata dalla conquista di un importante contratto di vendita al dettaglio con uno dei più grandi rivenditori del mondo, rappresentando un risultato significativo nell'iniziativa di vendita di 200 milioni di dollari di Americold. La struttura, costruita nel 2022, offre 10,7 milioni di piedi cubi di spazio e include 16 acri di terreno adiacente per una potenziale espansione futura.
Questa mossa strategica rafforza la posizione di mercato di Americold nel segmento retail ad alta rotazione della catena di fornitura del freddo, dove attualmente detiene la quota di mercato più alta. L'azienda si aspetta che i ritorni da questa acquisizione siano in linea con le loro aspettative storiche di rendimento per acquisizioni simili.
Americold Realty Trust (NYSE: COLD) ha anunciado la adquisición de una instalación controlada por temperatura en Houston, Texas, por 127 millones de dólares, incluidos planes de expansión y actualizaciones de equipos. La instalación, ubicada en Cedar Port Industrial Park en Baytown, añadirá 35,700 posiciones de palets al portafolio de almacenes de frío de Americold.
La adquisición fue impulsada por la obtención de un importante contrato de venta al por menor con uno de los mayores minoristas del mundo, lo que representa un logro significativo en la iniciativa de ventas de 200 millones de dólares de Americold. La instalación, construida en 2022, cuenta con 10.7 millones de pies cúbicos de espacio e incluye 16 acres de terreno adyacente para una posible expansión futura.
Este movimiento estratégico fortalece la posición de mercado de Americold en el segmento minorista de alta rotación de la cadena de suministro de almacenamiento en frío, donde actualmente tiene la mayor cuota de mercado. La empresa espera que los retornos de esta adquisición se alineen con sus expectativas históricas de retorno para adquisiciones similares.
아메리콜드 리얼티 트러스트 (NYSE: COLD)는 텍사스 휴스턴에 있는 온도 조절 시설을 1억 2,700만 달러에 인수했다고 발표했습니다. 여기에는 계획된 확장 및 장비 업그레이드가 포함됩니다. 이 시설은 베이타운의 시더 포트 산업 공원에 위치하며 아메리콜드의 냉장 창고 포트폴리오에 35,700 팔레트 위치를 추가할 것입니다.
이번 인수는 세계 최대 소매업체 중 하나와의 주요 식료품 소매 계약 확보에 의해 추진되었으며, 이는 아메리콜드의 2억 달러 판매 이니셔티브에서 중요한 성과를 의미합니다. 2022년에 건설된 이 시설은 1070만 입방피트의 공간을 제공하며, 향후 확장을 위한 16에이커의 인접 토지를 포함하고 있습니다.
이 전략적 움직임은 아메리콜드가 현재 가장 높은 시장 점유율을 보유하고 있는 냉장 공급망의 고회전 소매 부문에서 시장 위치를 강화합니다. 회사는 이 인수로부터의 수익이 유사한 인수에 대한 역사적 수익 기대치와 일치할 것으로 예상하고 있습니다.
Americold Realty Trust (NYSE: COLD) a annoncé l'acquisition d'une installation à température contrôlée à Houston, au Texas, pour 127 millions de dollars, y compris des projets d'expansion et des mises à niveau d'équipement. L'installation, située dans le Cedar Port Industrial Park à Baytown, ajoutera 35 700 emplacements de palettes au portefeuille d'entrepôts frigorifiques d'Americold.
L'acquisition a été motivée par la sécurisation d'un contrat majeur de vente au détail alimentaire avec l'un des plus grands détaillants au monde, représentant un accomplissement significatif dans l'initiative de vente de 200 millions de dollars d'Americold. L'installation, construite en 2022, dispose de 10,7 millions de pieds cubes d'espace et comprend 16 acres de terrain adjacent pour une éventuelle expansion future.
Ce mouvement stratégique renforce la position d'Americold sur le marché dans le segment de vente au détail à forte rotation de la chaîne d'approvisionnement frigorifique, où elle détient actuellement la plus grande part de marché. L'entreprise s'attend à ce que les retours de cette acquisition s'alignent sur ses attentes historiques de rendement pour des acquisitions similaires.
Americold Realty Trust (NYSE: COLD) hat die Akquisition einer temperaturkontrollierten Einrichtung in Houston, Texas, für 127 Millionen Dollar angekündigt, einschließlich geplanter Erweiterungen und Ausrüstungsaufwertungen. Die Einrichtung, die sich im Cedar Port Industrial Park in Baytown befindet, wird 35.700 Palettenplätze zum Portfolio von Americold's Kühlhäusern hinzufügen.
Die Akquisition wurde durch die Sicherung eines wichtigen Lebensmitteleinzelhandelsvertrags mit einem der größten Einzelhändler der Welt vorangetrieben, was einen bedeutenden Erfolg in Americolds 200-Millionen-Dollar-Verkaufsinitiative darstellt. Die im Jahr 2022 errichtete Einrichtung verfügt über 10,7 Millionen Kubikfuß Platz und umfasst 16 Acres angrenzendes Land für eine mögliche zukünftige Erweiterung.
Dieser strategische Schritt stärkt die Marktposition von Americold im hochdrehenden Einzelhandelssegment der Kühlversorgungskette, in dem sie derzeit den höchsten Marktanteil halten. Das Unternehmen erwartet, dass die Erträge aus dieser Akquisition mit seinen historischen Renditeerwartungen für ähnliche Akquisitionen übereinstimmen.
- Secured major contract with one of world's largest retailers
- Strategic acquisition adds 35,700 pallet positions to portfolio
- Facility includes 16 acres of adjacent land for future expansion
- Strengthens market-leading position in high-turn retail segment
- Modern facility (built in 2022) requiring minimal initial renovation
- Significant capital expenditure of $127 million
Insights
Americold's
The investment adds approximately 35,700 pallet positions to Americold's network through a relatively new facility (constructed in 2022) spanning 10.7 million cubic feet. The strategic value extends beyond the immediate acquisition with approximately 16 acres of adjacent land providing future expansion optionality.
From a financial perspective, this represents roughly
- Secures a fixed-commitment contract with guaranteed revenue rather than variable occupancy
- Strengthens their leading position in the high-margin retail segment
- Creates operational efficiencies by allowing repositioning of existing customer inventory
- Provides capacity for continued growth in a key Houston market
While management indicates returns will align with historical acquisition performance (without specifying exact figures), the emphasis on a "fixed-commitment contract" suggests predictable cash flows supporting the investment case. The transaction reinforces Americold's focused strategy of expanding in segments where they already possess competitive advantages rather than entering untested markets.
Americold's Houston facility acquisition represents a strategically calculated network expansion that strengthens their distribution capabilities in a critical logistics corridor. The Cedar Port Industrial Park location in Baytown offers exceptional multimodal transportation advantages, connecting Gulf Coast ports with inland distribution networks essential for efficient cold chain operations.
What distinguishes this expansion is its demand-driven approach - securing the major retail customer contract before committing capital, which effectively eliminates vacancy risk while ensuring immediate revenue generation. The 35,700 additional pallet positions significantly enhance Americold's network density in this key market, creating operational synergies with their existing Houston-area facilities.
The facility's recent construction (2022) likely incorporates modern refrigeration systems and automation capabilities that address two critical industry challenges:
- Enhanced energy efficiency amid rising utility costs affecting cold storage economics
- Improved labor productivity features in a warehouse sector facing persistent staffing challenges
- Optimized storage configuration for high-velocity retail distribution requirements
The adjacent 16 acres represents valuable strategic optionality, enabling Americold to expand capacity as this retail relationship grows or accommodate additional customers seeking Houston-area cold storage. This acquisition reinforces Americold's hub-and-spoke distribution model, which balances transportation and inventory holding costs while meeting retailers' increasingly complex cold chain requirements.
ATLANTA, March 17, 2025 (GLOBE NEWSWIRE) -- Americold Realty Trust, Inc. (NYSE: COLD) (the “Company”), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, announced today it has signed an agreement to acquire a facility in Houston, Texas for a total investment of approximately
“The catalyst for this acquisition was the award of a large grocery retail contract with one of the world’s largest retailers. The new business represents a significant win in our
Rob Chambers, President – Americas, added “We have a strong existing presence in the Houston area and were recently awarded a large new fixed-commitment contract with a prominent retail customer. By acquiring this facility, we are able to efficiently reposition existing customers’ inventory and accommodate this attractive new growth opportunity in the fast-turning retail segment where we already enjoy the highest market share in the cold storage industry. Further, the incremental investment we are making into this facility will allow it to service the mix of Americold’s customers in this market. Customers continue to recognize Americold for our commitment to customer service and operational excellence, and our new business pipeline remains robust. Today’s announcement underscores Americold’s commitment to capturing disciplined and profitable growth opportunities that create long-term value for our shareholders.”
The acquired facility was constructed in 2022, has 10.7 million cubic feet, and is located in the Cedar Port Industrial Park in Baytown, Texas. The acquisition includes approximately 16 acres of adjacent land that could be used for future expansion projects.
The Company anticipates the return on this acquisition will be consistent with the stated return expectations for similar acquisitions in the past.
About the Company
Americold is a global leader in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 239 temperature-controlled warehouses, with approximately 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.
Forward-Looking Statements
This press release contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of our future financial and operating performance and growth plans, taking into account the information currently available to us. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. Factors that could contribute to these differences include the following: rising inflationary pressures, increased interest rates and operating costs; labor and power costs; labor shortages; our relationship with our associates, the occurrence of any work stoppages or any disputes under our collective bargaining agreements and employment related litigation; the impact of supply chain disruptions; risks related to rising construction costs; risks related to expansions of existing properties and developments of new properties, including failure to meet budgeted or stabilized returns within expected time frames, or at all, in respect thereof; uncertainty of revenues, given the nature of our customer contracts; acquisition risks, including the failure to identify or complete attractive acquisitions or failure to realize the intended benefits from our recent acquisitions; difficulties in expanding our operations into new markets; uncertainties and risks related to public health crises; a failure of our information technology systems, systems conversions and integrations, cybersecurity attacks or a breach of our information security systems, networks or processes; risks related to implementation of the new ERP system, defaults or non-renewals of significant customer contracts; risks related to privacy and data security concerns, and data collection and transfer restrictions and related foreign regulations; changes in applicable governmental regulations and tax legislation; risks related to current and potential international operations and properties; actions by our competitors and their increasing ability to compete with us; changes in foreign currency exchange rates; the potential liabilities, costs and regulatory impacts associated with our in-house trucking services and the potential disruptions associated with our use of third-party trucking service providers for transportation services to our customers; liabilities as a result of our participation in multi-employer pension plans; risks related to the partial ownership of properties, including our JV investments; risks related to natural disasters; adverse economic or real estate developments in our geographic markets or the temperature-controlled warehouse industry; changes in real estate and zoning laws and increases in real property tax rates; general economic conditions; risks associated with the ownership of real estate generally and temperature-controlled warehouses in particular; possible environmental liabilities; uninsured losses or losses in excess of our insurance coverage; financial market fluctuations; our failure to obtain necessary outside financing on attractive terms, or at all; risks related to, or restrictions contained in, our debt financings; decreased storage rates or increased vacancy rates; the potential dilutive effect of our common stock offerings, including our ongoing at the market program; the cost and time requirements as a result of our operation as a publicly traded REIT; and our failure to maintain our status as a REIT.
Words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” “potential,” “near-term,” “long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will” and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements may contain such words. Examples of forward-looking statements included in this press release include but are not limited to those regarding future intended use of the acquired property; the anticipated benefits of the transaction, including any anticipated return on investment; expected synergies resulting from the transaction; the expected timing to close the transaction; the likelihood and ability of the parties to successfully consummate the transaction and our plans for future growth and development. We qualify any forward-looking statements entirely by these cautionary factors. Other risks, uncertainties and factors, including those discussed under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, and other reports filed with the Securities and Exchange Commission, could cause our actual results to differ materially from those projected in any forward-looking statements we make. We assume no obligation to update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future except to the extent required by law.
Contacts:
Americold Realty Trust, Inc.
Investor Relations
Email: investor.relations@americold.com
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