Americold Secures Long-Term Deal with Jerónimo Martins for Portuguese Retail Logistics — Americold Realty Trust, Inc.

Event summary

Americold has signed a multi-year agreement with Jerónimo Martins to manage storage and fulfillment of 12 million frozen product cases annually for 300 retail stores in Portugal.
The deal centers operations at Americold’s Lisbon facility, which has undergone enhancements including refurbished cold storage chambers and increased throughput capacity.
The partnership has created over 80 new jobs, expanding the site’s workforce by 40%.
This marks Americold’s second major retail customer win in Europe within the past year.

The big picture

This deal underscores Americold’s strategic focus on expanding its retail logistics footprint in Europe, leveraging its operational expertise and infrastructure investments. The partnership with Jerónimo Martins highlights the growing reliance of European retailers on specialized cold chain solutions, positioning Americold to capture additional long-term growth opportunities in the region. The company’s ability to scale and tailor operations to meet the needs of large retail networks is a key differentiator in a competitive market.

What we're watching

Retail Demand Growth: Whether Americold can sustain this pace of retail customer acquisitions across Europe, given growing demand from leading retailers in the region.
Operational Execution: How Americold’s ability to deliver high-performance solutions at scale will impact its long-term growth with both retail and QSR customers.
Infrastructure Investment: The pace at which Americold will continue to invest in and enhance its European facilities to support expanding retail logistics operations.