Americold takes minority stake in Dubai cold storage firm

Atlanta, Georgia, US: US temperature-controlled giant Americold has taken a minority stake in cold storage company RSA Cold Chain in Dubai.

Americold, which paid $3.9m for a 49% share of RSA’s equity, said the move would “provide a scalable, investable operating platform for market entry and expansion in the Middle East and India”.

RSA Cold Chain began operations in Dubai tin 2017 and is a subsidiary of the parent company RSA Global.

George Chappelle, Americold’s chief executive said: “Our partnership with RSA Cold Chain, combined with our recently announced partnership with DP World, provides us an ideal platform to provide supply chain solutions and cold storage capacity in the Middle East and India. These relationships highlight why Americold is a global leader and preferred partner in the temperature-controlled storage warehousing and logistics industry.”

Abhishek Shah, RSA Cold Chain’s co-founder and chief executive, said: “We are absolutely thrilled to partner with Americold, a global player that can connect the world’s food production markets to our region with a seamless service at origin and destination.”