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Americold to Buy Agro Merchants for $1.7 Billion to Boost Global Cold Storage Reach

Oaktree Capital Strikes Deal for World’s Fourth-Largest Temperature-Controlled Warehouse Company
Agro Merchants Group’s Vineland, New Jersey, facility is one of 17 it operates in the United States. (CoStar)
Agro Merchants Group’s Vineland, New Jersey, facility is one of 17 it operates in the United States. (CoStar)
CoStar News
October 13, 2020 | 7:58 P.M.

Cold storage provider Americold Realty Trust agreed to buy rival Agro Merchants Group for $1.74 billion from investors led by Oaktree Capital Management, expanding its global reach as international investors compete for worldwide refrigeration demand.

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