VANCOUVER, Dec. 15 /CNW/ - We announce today that Versacold
International Corporation has sold to Americold Realty Trust all of our
non-Canadian assets and operations. The sale includes 54 facilities in
the US, nine in Australia, nine in New Zealand and two in Argentina.
"We are excited to refocus on our Canadian roots and the bright future
that lies before us," said Joel M. Smith, CEO. "Versacold will be well
capitalized and will continue to provide top service and look for new
opportunities to grow our business and that of our customers."
Customers in Canada will experience no impact from the sale.
Brent Sugden, Versacold's CEO from 2001 to 2010 will leave to take on
the role of President, Operations of the expanded Americold. Both under
the umbrella of The Yucaipa Companies, Versacold and Americold expect
to work closely together to the benefit of their customers.
"Versacold is highly visible to our customers, competitors, employees
and in the communities where we live and work," said Mr. Smith. "Being
visible means we also have to work hard to be the best. That's our goal
in every respect and one we'll achieve."
Versacold remains Canada's largest public refrigerated warehousing and
logistics company, with 41 sites coast-to-coast, 120 million cubic feet
of storage capacity and a comprehensive transportation network.
SOURCE VERSACOLD INTERNATIONAL CORPORATION
For further information: For further information:
Kevin Karr, Chief Financial Officer
Versacold International Corporation
2115 Commissioner Street
Vancouver, British Columbia, V5L 1A6
Telephone: (604) 255-4656
Fax: (604) 255-4015