Americold Realty Trust, Inc. (Americold) has announced a strategic investment into RSA Cold Chain in Dubai. At close, Americold’s investment is $3.9 million for the company’s share (49%) of RSA Cold Chain equity. This partnership will provide a scalable, investable operating platform for market entry and expansion in the Middle East and India. RSA Cold Chain is an established cold storage operator in Dubai – and 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.
Commenting on the development, Abhishek Shah, RSA Cold Chain’s Co-Founder & CEO, 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. We are excited to create a regional brand across our markets that our customers can trust.”
Explaining their perspective, George Chappelle, Americold’s Chief Executive Officer, 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.”
