Key facts
- Americold Realty Trust is terminating a partnership with Ahold Delhaize USA.
- The partnership involved operating two automated distribution hubs.
- The partnership lasted for six years.
- Americold expects an impairment charge between $305 million and $320 million.
- Americold is putting the two properties up for sale.
Americold Realty Trust has announced the termination of its six-year partnership with Ahold Delhaize USA concerning the operation of two automated distribution hubs. This move is expected to result in a significant financial impact for Americold, with an impairment charge estimated to be between $305 million and $320 million. Following this decision, Americold is initiating a process to sell the two distribution properties that were central to the partnership. The collaboration aimed to leverage automation in the companies' supply chain operations, but its conclusion signals a shift in strategy or operational viability for Americold.