Americold announces strategic investment in Dubai cold storage company RSA Cold Chain
Americold Realty Trust, Inc., the world’s largest publicly traded REIT focused on the ownership, ope…Americold Realty Trust, Inc., the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, has announced a strategic investment into RSA Cold Chain in Dubai. At close, Americold’s investment is $3.9 million for the Company’s share (49%) of RSA Cold Chain equity.
This partnership will provide a scalable, investable operating platform for market entry and expansion in the Middle East and India. RSA Cold Chain is an established cold storage operator in Dubai that began operations in 2017 and is a subsidiary of the parent company RSA Global. Americold will take a minority ownership position in RSA Cold Chain with immediate plans to expand locally, connect RSA to its global network, and pursue strategic development opportunities in the Middle East and surrounding markets. RSA Cold Chain is led by Abhishek Shah, who brings significant value to Americold as a strategic partner to establish a new presence in this critical global market.
Abhishek Shah, RSA Cold Chain’s Co-Founder & CEO, commented, “We are absolutely thrilled to partner with Americold, a global player that can connect the world’s food production markets to our region with a seamless service at origin and destination. We are excited to create a regional brand across our markets that our customers can trust.”
George Chappelle, Americold’s Chief Executive Officer, stated “Our partnership with RSA Cold Chain, combined with our recently announced partnership with DP World, provides us an ideal platform to provide supply chain solutions and cold storage capacity in the Middle East and India. These 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.”