Americold announced a strategic investment into RSA Cold Chain in Dubai on March 13. The Atlanta, Georgia, USA-headquartered temperature-controlled warehousing company and real estate investment trust specialist paid $3.9 million to buy a 49% share of RSA Cold Chain equity.
The partnership will provide a scalable, investable operating platform for market entry and expansion in the Middle East and India. RSA is an established cold storage operator in Dubai in business since 2017 and is a subsidiary of the parent company RSA Global.
“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,” said Abhishek Shah, RSA Cold Chain’s co-founder and chief executive officer.
Americold CEO George Chappelle 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.”
Ranked as the world’s largest publicly traded REIT, Americold owns and/or operates 242 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.