Americold Key Investment Highlights & ESG Initiatives
Russellville, AR Expansion for Conagra Brands
Expansion Overview
The Russellville highly automated expansion is an opportunity to provide mission critical, long-term
infrastructure for a top tier strategic customer
■ COLD is expanding its Russellville, Arkansas facility for a total of
~$92mm in a dedicated build for Conagra Brands (1)
Operation expected to commence in Q2 2023 and is expected to
fully stabilize in Q3 2024
americOLD.
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Expected to generate stabilized NOI ROIC of ~10%-12%
Conagra Brands (NYSE: CAG) is one of North America's leading
branded food companies
CAG is a top tier strategic customer
COLD has served CAG for decades in multiple locations
CAG is rated BBB-/Baa3/BBB- by S&P, Moody's, Fitch (2)
Expansion at a Glance
Clear Height
~130 feet
Cubic Feet
Pallet Positions
slim
Jim
~13mm cubic feet
gardein
~42K pallet positions
(1) Reflects midpoint of Management's estimated cost range to complete as of December 31, 2022
(2)
Ratings as of Q4 2022
Duncan
Hines
CONAGRA
BRANDS
earth
Healthy
Choice
balance
Marie
Callender's
Reddi
Wip
vlasic
NATURAL
Hunt's
Orville
Redenbachers
DUKES
BIRDS EYE
ANGIE'S
BOOM
CHICKA
POP
Frontera
udis
Gluten Free
PAM
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