Americold acquires New Jersey warehouse firm for $480 million

Sandy Springs-based refrigerated warehouse company Americold Realty Trust announced it acquired New Jersey-based Hall’s Warehouse Corp. in a $480 million deal.

Americold owns and operates 185 warehouses in the United States, Australia, New Zealand, Canada and Argentina for food producers and retailers. It claims it’s the world’s largest publicly traded real-estate investment firm specializing in temperature-controlled warehouses. It has warehouses in metro Atlanta and near the Port of Savannah for perishable fruits, vegetables, meat and other frozen and chilled food.

Hall’s Warehouse Corp., based in South Plainfield, New Jersey, says on its website it is a family-owned logistics firm with eight warehouses that have dedicated cooler and freezer space in New Jersey and are near the Port of Newark.

Americold CEO Fred Boehler said in a written statement that the acquisition complements its presence in a market that’s within one day’s drive of about 30% of the U.S. population. The deal, which is funded through recent stock offerings and debt, closed Nov. 2.

The Halls' Warehouse deal comes after Americold last month announced a $1.74 billion acquisition of Agro Merchants Group.

Americold said it is also putting $95 million into an expansion of facilities in Arkansas for Conagra Brands and in Calgary, Canada, to expand operations.

About the Author

Delta moves forward with pay raises despite trade uncertainty

The airline has also announced plans to cut flight capacity and shrink its headcount through attrition to respond to dampened consumer and corporate travel demand.

More logging in Georgia’s national forests? It’s possible under a new directive

A new directive from U.S. Department of Agriculture and Forest Service leaders could open more federal forest lands in Georgia to logging.

Coca-Cola CEO says trade war dynamics ‘manageable.’ Here’s why

The trade war presents complex challenges for companies within the food and beverage industry, from small, independent bottlers to massive, multinationals like Coca-Cola.

The Latest

Credit: Jenni Girtman

Delta moves forward with pay raises despite trade uncertainty

Coca-Cola CEO says trade war dynamics ‘manageable.’ Here’s why

UPS to cut 20K jobs as Amazon deal shrinks; customers face ‘uncertainty’

Featured

Credit: Miguel Martinez-Jimenez/AJC

After protests, lawsuits, and millions spent, Atlanta training center opens today

The state-of-the-art center became a flashpoint for activists, who formed a movement called “Stop Cop City.” One protester was shot by police and dozens more face charges.

A beloved Southern condiment is sandwiched between regions

Ownership of Duke’s Real Mayonnaise hasn’t been so stable lately. The most recent sale was in February to Northern-based private equity firm Advent International.

Antisemitic party invite raises uproar at Savannah college

Jewish students at the Savannah College of Art and Design were shocked when they saw what appeared to be an antisemitic party invitation on social media.