Americold Realty Trust Expands European Retail Operations With Jerónimo Martins Partnership
ATLANTA and LISBON, Portugal — May 21, 2026 — Americold Realty Trust Realty Trust (NYSE: COLD), a global temperature-controlled logistics and real estate company, has announced a new long-term agreement with Jerónimo Martins, Portugal's leading retail group, to manage frozen product storage and store case pick fulfillment operations at its Lisbon facility. The deal represents the company's second large retail customer win in Europe over the past year.
Deal Structure and Scope of Operations
Under the multi-year agreement, Americold will manage the storage and store case pick fulfillment of approximately 12 million cases of frozen products annually, serving roughly 300 retail stores across Portugal. Operations are centralized at Americold's Lisbon facility, which the company has positioned as a strategic cold chain hub for the Portuguese retail market.
To support the expanded scope, Americold has enhanced the Lisbon facility through refurbishment of cold storage chambers and increased throughput capacity.
The collaboration has also generated more than 80 new jobs at the Lisbon site, expanding the facility's workforce by over 40%, according to the company.
Executive Commentary
"Supporting key customer partnerships and expanding our retail business globally are key growth priorities for Americold in 2026," said Robert Chambers, Chief Executive Officer at Americold. "This marks our second large retail customer win in Europe over the past year and reflects continued growth of our platform, building on decades of experience serving large retail customers globally. Our expertise in this operationally intense segment of the market is an important differentiator for Americold and positions us to capture additional long-term growth opportunities with both retail and QSR customers."
Richard Winnall, President, International at Americold, emphasized the operational precision required at this scale. "At this scale, store-ready fulfillment requires precision and consistency. This is where our standardized operating model and experienced teams create meaningful value, enabling scalable execution for customers like Jerónimo Martins," Winnall said.
Ricardo Mestre, Logistics Director at Jerónimo Martins, cited Americold's operational reliability and infrastructure investment capacity as key factors in the selection. "Americold's proven expertise in temperature-controlled warehousing and its ability to ensure operational reliability were key factors in this relationship," Mestre said. "Their capacity to scale, invest in infrastructure, and tailor operations to our needs makes Americold a strong partner in supporting our store network across Portugal."
Americold's European Growth Trajectory
Americold operates more than 220 facilities across North America, Europe, Asia-Pacific, and South America, totaling approximately 1.4 billion refrigerated cubic feet. The company describes its facilities as integral components of the global food supply chain, connecting producers, processors, distributors, and retailers.
The Jerónimo Martins deal is the second large retail customer win Americold has announced in Europe within the past year, according to the company. Americold has identified European retail and quick-service restaurant (QSR) logistics as key growth priorities for 2026, with an emphasis on multi-year, contracted relationships.
The Lisbon facility's expanded role — serving approximately 300 stores across Portugal with roughly 12 million cases of frozen product annually — positions it as a national cold-chain hub for the Portuguese market, according to Americold. The company said the deal reflects continued momentum in its European business driven by growing demand from retailers across the region.
Americold is headquartered in Atlanta. Investor inquiries can be directed to investor.relations@americold.com or 678-459-1959. Media inquiries can be directed to mediarelations@americold.com or 762-821-9631.
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