Oaktree Agrees to Sell Cold Storage Company in $1.7 Billion Deal

Americold Realty Trust has agreed to buy the cold storage company Agro Merchants Group in a deal valued at $1.74 billion, according to a statement on Tuesday.

Atlanta-based Agro, which owns and operates temperature-controlled warehouses around the globe, is owned by Oaktree Capital. The deal includes $554 million in Americold stock and $519 million in cash, according to the statement.

Read more: Oaktree Is Said to Explore $2 Billion Sale of Cold Storage Firm

Institutional investors have flocked to cold storage because of its vital role in the global food supply chain. For Americold, one of the largest players ...