# Americold Realty Trust to acquire Agro Merchants Group for $1.74B

Americold Realty Trust, the world's largest publicly-traded REIT focused on temperature-controlled warehouses, announced it has entered into a definitive agreement to acquire privately-held Agro Merchants Group for $1.740 billion. The acquisition will expand Americold's footprint into Europe and add complementary locations in the US, South America and Australia.

- Type: Acquisition
- Announced: 2020-10-14
- Value: $1.74B
- Status: announced
- Products: temperature-controlled warehouse services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Oaktree Capital Management](https://endata.com/companies/2339.md) (investor)
- [Americold Realty Trust](https://endata.com/companies/45439.md) (acquirer)
- [Agro Merchants Group](https://endata.com/companies/50523.md) (target)

## Sources

- [foodmanufacturing.com](https://www.foodmanufacturing.com/capital-investment/news/21198289/americold-realty-acquires-fellow-cold-warehouse-company-agro-for-174b), 2020-10-14: "We are very excited to welcome the Agro team to the Americold family as we expand the scale and enhance the geographic reach of the Americold network."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.