Americold partners with Jerónimo Martins for Portugal operations

Americold Realty Trust (NYSE: COLD) announced a multi-year agreement with Jerónimo Martins, Portugal's retail group, to manage cold storage and fulfillment operations for the company's frozen products.

Under the agreement, Americold will handle storage and store case pick fulfillment of approximately 12 million cases of frozen products annually, serving roughly 300 retail stores across Portugal. Operations will be centralized at Americold's Lisbon facility.

"Supporting key customer partnerships and expanding our retail business globally are key growth priorities for Americold in 2026," said Rob Chambers, Chief Executive Officer at Americold. "This marks our second large retail customer win in Europe over the past year."

Americold has enhanced its Lisbon facility to support the operations, including refurbishing cold storage chambers and increasing throughput capacity. The collaboration has created more than 80 new jobs, expanding the site's workforce by over 40%.

"Americold's proven expertise in temperature-controlled warehousing and its ability to ensure operational reliability were key factors in this relationship," said Ricardo Mestre, Logistics Director at Jerónimo Martins.

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 provides temperature-controlled logistics and real estate services.

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