Americold Announces Purchase of Facility in Houston, Texas to Accommodate Customer Growth
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Americold Realty Trust, Inc. (NYSE: COLD) announced the acquisition of a facility in Houston, Texas for $127 million, including expansion and equipment upgrades. This acquisition will add 35,700 pallet positions to its cold storage warehouse portfolio.
March 17, 2025 | 8:45 pm
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Americold Realty Trust is expanding its cold storage capacity with a $127 million acquisition in Houston, Texas. This move is expected to support customer growth and enhance its portfolio.
The acquisition of a new facility in Houston for $127 million is a significant investment for Americold, indicating growth and expansion in its cold storage capabilities. This is likely to positively impact the stock price as it enhances the company's asset base and supports customer growth.
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