US-based temperature-controlled warehouse business, Americold, has invested in 49 per cent of the shares of an e-commerce specialist.
Americold has committed $3.9 million USD to RSA Cold Chain.
This partnership will reportedly provide a scalable, investable operating platform for market entry and expansion in the Middle East and India for Americold.
RSA Cold Chain is an established cold storage operator in Dubai that began operations in 2017 and is a subsidiary of the parent company RSA Global.
Americold will take a minority ownership position in RSA Cold Chain with immediate plans to expand locally, connect RSA to its global network, and pursue strategic development opportunities in the Middle East and surrounding markets.
RSA Cold Chain is led by co-founder and CEO, Abhishek Shah, who brings significant value to Americold as a strategic partner to establish a new presence in this critical global market.
“We are absolutely thrilled to partner with Americold, a global player that can connect the world’s food production markets to our region with a seamless service at origin and destination,” said Shah.
“We are excited to create a regional brand across our markets that our customers can trust.”
Americold CEO, George Chappelle, said: “Our partnership with RSA Cold Chain, combined with our recently announced partnership with DP World, provides us an ideal platform to provide supply chain solutions and cold storage capacity in the Middle East and India. These relationships highlight why Americold is a global leader and preferred partner in the temperature-controlled storage warehousing and logistics industry. We are excited to bring our innovative solutions to the region and support our mission to help our customers feed the world.”
Earlier this month, Americold opened facility expansion in Santa Perpetua Barcelona, Spain. The expansion added 11 loading bays and 12,000 pallet positions bringing greater capacity in temperature-controlled products and services to customers in the region.