Americold Invests in Cold Storage Company in Dubai
Americold invests $3.9 million for 49% equity in Dubai based RSA Cold Chain
Americold Realty Trust made a strategic investment into RSA Cold Chain in Dubai. At close, Americold’s investment is $3.9 million for the Company’s 49% share of equity in RSA Cold Chain.
This partnership will provide a operating platform to enter and expand into the Middle East and India. RSA Cold Chain is an established cold storage operator in Dubai that is a subsidiary of the parent company RSA Global.
Americold will take a minority ownership position in RSA Cold Chain with immediate plans to expand locally, connect RSA to its global network, and pursue strategic development opportunities in the Middle East and surrounding markets. RSA Cold Chain is led by Abhishek Shah, who brings significant value to Americold as a strategic partner to establish a new presence in this critical global market.