Americold
#2332
Rank
$6.57B
Marketcap
United States
Country
Mr. George F. Chappelle Jr. (CEO & Trustee)
Mr. Marc Jason Smernoff (CFO & Exec. VP)
Mr. Robert Scott Chambers (Exec. VP & Chief Commercial Officer)
Summary
History
When food preservation using ice became commercialized, cold storage companies began to appear. Ice was farmed from lakes during the winter, and stored, surrounded by straw to insulate it, so that it could be used well into early summer. Ice houses and ice warehouses began to appear and sold blocks of ice for domestic and commercial use. Then in 1922, Clarence Birdseye founded the modern frozen food industry, by pioneering fast freezing , based on learning the benefits of low temperature freezing of fish practiced by the Inuit in Arctic regions.
Americold's history began in the early 20th century, around the time of the first ice and coal companies. Americold came from mergers and acquisitions involving Atlanta Ice and Coal Company, Atlanta City Brewing Company Versacold, Munford, Jackson Atlantic, United Refrigerated Services, Atlas Cold Storage, and others.
In 1903, entrepreneur Ernest Woodruff merged three cold storage warehouses to form Atlanta Ice and Coal Company and in 1909 renamed the company Atlantic Ice and Coal as part of a large consolidation of ice and coal companies throughout the eastern states. In 1919, Woodruff bought the Coca-Cola Company from Asa Candler’s children for $25,000,000.
In 1935, Atlantic Ice & Coal Company changed names to Atlantic Company and began to expand into a variety of different businesses, including cold storage and beer production, the latter contributing up to 50% of the company's revenues at its peak.
Atlantic Company diversified into ice convenience store development under the name EZ stores, before household refrigerators were commonplace. It also ran a fast food operation called Wishbone Fried Chicken.Atlantic Company merged with Munford Do it Yourself stores and became Atlantic-Munford, rapidly developing its convenience store growth.The company then merged with Jackson Minit Market and Handy Andy, and was renamed Jackson Atlantic, growing to 40 warehouses in the USA. It was one of the largest warehouse networks at that time. The company went public in 1968 and a few years later merged with United Refrigerated Services. The company then set out to develop the USA's most comprehensive cold storage network.Atlanta became the company's home again in the early 1980s.Acquisitions and mergers continued during the 1980s and 1990s with the company's current name, Americold, appearing in 1997.In 2010, Americold acquired Versacold to become the largest temperature-controlled warehousing and distribution services provider in the world.in 2020, Americold acquired Agromerchants the fourth largest temperature-controlled warehousing in the world.
Mission
Vision
Key Team
Mr. Thomas C. Novosel CPA (Chief Accounting Officer & Sr. VP)
Mr. Scott Henderson (Sr. VP of Capital Markets, Treasury & Investor Relations)
Mr. James C. Snyder Jr. (Chief Legal Officer, Exec. VP & Sec.)
Ms. Samantha L. Charleston (Exec. VP & Chief HR Officer)
Mr. David C. Moore (Exec. VP & COO of North America)
Mr. Richard C. Winnall (Exec. VP & COO of International)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Americold
https://in.investing.com/equities/americold-realty-trust
https://finance.yahoo.com/quote/COLD/profile?p=COLD
https://www.comparably.com/companies/americold-logistics/mission
https://www.crunchbase.com/organization/americold-realty
https://sec.report/CIK/0001455863
Mr. George F. Chappelle Jr. (CEO & Trustee)
Mr. Marc Jason Smernoff (CFO & Exec. VP)
Mr. Robert Scott Chambers (Exec. VP & Chief Commercial Officer)