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Americold

#2332

Rank

$6.57B

Marketcap

US United States

Country

Americold
Leadership team

Mr. George F. Chappelle Jr. (CEO & Trustee)

Mr. Marc Jason Smernoff (CFO & Exec. VP)

Mr. Robert Scott Chambers (Exec. VP & Chief Commercial Officer)

Products/ Services
Logistics, Retail Technology, Supply Chain Management, Transportation, Warehousing
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1903
Company Registration
SEC CIK number: 0001455863
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
COLD
Social Media
Overview
Location
Summary
Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina. Americold's facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers.
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
To be the global provider of choice for temperature-controlled infrastructure and supply chain solutions through our innovation, experience, and people.
Vision
Our vision is to be the premier provider of temperature-controlled storage and logistics solutions around the world.
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
Americold’s commitment to innovation has been recognized by many awards from organizations such as the National Institute of Standards and Technology and the National Cold Storage Association . In 2017, Americold was named a “Food Logistics Top Green Provider.”
References
Americold
Leadership team

Mr. George F. Chappelle Jr. (CEO & Trustee)

Mr. Marc Jason Smernoff (CFO & Exec. VP)

Mr. Robert Scott Chambers (Exec. VP & Chief Commercial Officer)

Products/ Services
Logistics, Retail Technology, Supply Chain Management, Transportation, Warehousing
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1903
Company Registration
SEC CIK number: 0001455863
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
COLD
Social Media