Americold Announces Acquisition of Facility in Houston, TX, for $127M

To accommodate customer growth, Americold Realty Trust (COLD) recently announced the signing of an agreement to acquire a facility in Houston, TX, for approximately $127 million, which includes planned expansions and equipment upgrades.This strategic move aligns with the company’s strategy to expand its market-leading presence in the high-turn retail segment of the cold storage supply chain.The facility, constructed in 2022, is located in the Cedar Port Industrial Park in Baytown, TX. The acquisition of thi ...