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Americans have treated their freezers a bit like security blankets over the past year, stuffing them full of staples and indulgences, a consumer behavior pattern that has had ripple effects beyond the walls of their kitchens.
Developers that focus on cold-storage facilities say they are seeing growing interest from companies seeking to build, buy or invest in the sector, despite construction costs that are roughly triple that of an ordinary warehouse.
Americold, a logistics company focused on the cold-storage supply chain, reported that its revenue grew 11.4% in 2020 from the previous year.
“We gave guidance pre-COVID for our 2020 year, and we’re one of the few companies that didn’t lift or change that guidance,” said Fred Boehler, CEO of Americold, which added 46 facilities to its portfolio through a $1.74 billion acquisition of Agro Merchants Group last year. “What we eat and where we eat will change, but we’re going to eat.”
Developers flock to cold storage as Americans stock their freezers
Martha White
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Americans have treated their freezers a bit like security blankets over the past year, stuffing them full of staples and indulgences, a consumer behaviour pattern that has had ripple effects beyond the walls of their kitchens.
Developers that focus on cold-storage facilities say they are seeing growing interest from companies seeking to build, buy or invest in the sector, despite construction costs that are roughly triple that of an ordinary warehouse.
“We gave guidance pre-COVID for our 2020 year, and we’re one of the few companies that didn’t lift or change that guidance,” said Fred Boehler, CEO of Americold, which added 46 facilities to its portfolio through a $US1.74 billion ($2.2 billion) acquisition of Agro Merchants Group last year. “What we eat and where we eat will change, but we’re going to eat.”
Developers Flock to Cold Storage as Americans Stock Their Freezers nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
There Is A Weekly “MOB” In Williston, ND And It’s All Good!
I heard a rumor that Williston, North Dakota is being overrun by a Mob, is that true? No reason to panic if you are on your way out there, but there is a new Mob that is hitting up local stores and restaurants. According to KFYRTV.com members on a Facebook page called Cash Mob gather votes weekly on what business they can Mob next. This brilliant idea was started about two weeks ago and already the Happy Mob has more than 1,200 members.
The creator of the Facebook page Bart Rasmussen explains the Mob this way