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Americold completed the acquisition of Hall’s Warehouse for $480m.

Synopsis

Americold Realty Trust, a publicly-traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, completed the acquisition of Hall’s Warehouse, a provider of transportation and warehousing services, for $480m. “We are excited to expand our operating footprint in the Northeastern United States and advance two development opportunities, which enhance our ability to serve current and new customers while strengthening our network in North America. Through the Hall’s acquisition, we have acquired a fully integrated portfolio of high-quality facilities located near the Port of Newark. This portfolio complements our growing scale in a key market that is located within one day’s drive of approximately 30% of the population in the United States,” Fred Boehler, Americold Realty Trust President and Chief Executive Officer.

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