Highly Diversified Business Model Produces Stable Cash Flows
Acquisition of Agro Merchants Group
The acquisition of Agro provides Americold with a strategic presence throughout Europe and
complementary operations in other global geographies
Transaction Overview
■ In December 2020, COLD completed the acquisition of Agro Merchants
Group for ~$1.7bn at an in-place net entry NOI yield of ~6.5%
Agro represents a unique opportunity to acquire an institutional-
quality global portfolio that facilitates COLD's strategic entry into
Europe and adds complementary locations in the US, South America
and Australia
Agro was the fourth largest temperature-controlled warehouse
company globally, the third largest in Europe, and the fourth largest
in the United States
Agro at a Glance
Charlotte, NC
Pedricktown, NJ (2)
Vineland, NJ
Carson, CA
Nashville
Benson, NC
AGRO
Agro Merchants Valencia
Valencia, Spain
Goldsboro, NC
Lumberton, NC
Lurgan (3)
Charleston, SC
Savannah, GA
Monaghan (2) Whitchurch (2) Barneveld (2)
Dublin
Gdansk/
Gdynia
Westend Rotterdam
Urk (2)
Maasvlakte
Vienna
Forest, MS
Hattiesburg, MS Oxford, AL
Atlanta, GA (3)
Total Facilities
Countries
Refrigerated Cubic Feet
Customers
46 (1)
10
~236mm cubic feet (1)
Santiago, CL
(1) Excludes minority stake in Comfrio Soluções Logística, Brazil joint-venture
2,900+
Barcelona (2)
Porto/Leixoes
Valencia
Lisbon
Sines
Algeciras
Brisbane (2)
United States
Europe
Rest of World
JV Investment
17
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