91传媒在线

US-listed cold storage firm Americold Realty Trust is investing $3.9bn for a 49% interest in Dubai-based RSA Cold Chain.

NYSE-listed Americold said the partnership will enable RSA Cold Chain to expand locally and pursue strategic development opportunities in the Middle East and surrounding markets.

For Americold, the investment 鈥渨ill provide a scalable, investable operating platform for market entry and expansion in the Middle East and India鈥�. Americold entered Europe in 2020 through the acquisition of Agro Merchants for $1.74bn.

George Chappelle, Americold鈥檚 CEO, said the partnership with RSA Cold Chain, combined with Americold鈥檚 recently announced partnership with DP World, provides the company with an 鈥漣deal platform to provide supply chain solutions and cold storage capacity in the Middle East and India鈥�.

鈥淭hese relationships highlight why Americold is a global leader and preferred partner in the temperature-controlled storage warehousing and logistics industry. We are excited to bring our innovative solutions to the region and support our mission to help our customers feed the world.鈥�

Abhishek Shah, RSA Cold Chain鈥檚 co-founder and CEO, said: 鈥淲e are absolutely thrilled to partner with Americold, a global player that can connect the world鈥檚 food production markets to our region with a seamless service at origin and destination.

鈥淲e are excited to create a regional brand across our markets that our customers can trust.鈥�

To read the latest edition of the latest 91传媒在线 magazine click here.