Americold Realty Trust had announced a new long-term relationship with Jerónimo Martins, Portugal?s retail group, further advancing its portfolio of retail operations across Europe. Under the multi-year agreement, Americold will manage the storage and store case pick fulfillment of approximately 12 million cases of frozen products annually, serving roughly 300 retail stores across Portugal. Operations are centralized at Americold?s Lisbon facility, reinforcing its role as a strategic cold chain hub for the Portuguese retail market.
To support these operations, Americold has enhanced the Lisbon facility, including refurbishing cold storage chambers and increasing throughput capacity. The collaboration has also created more than 80 new jobs, expanding the site?s workforce by over 40% and reinforcing Americold?s commitment to supporting local employment and operational excellence.
Americold Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, it owns and/or operates about 239 temperature-controlled warehouses, with approximately 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Its facilities are an integral component of the supply chain, connecting food producers, processors, distributors and retailers to consumers. In addition, it holds minority interests in two joint ventures, one with SuperFrio, which owns or operates 34 temperature-controlled warehouses in Brazil, and one with RSA joint venture, which operates two temperature-controlled warehouses in Dubai. It manages its business through three segments: warehouse, transportation, and third-party managed.
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