The impairment relates to winding down an automated retail distribution center partnership with Ahold Delhaize USA.
Americold Realty Trust will take a $305M to $320M impairment charge to terminate its automated retail distribution center agreement with Ahold Delhaize USA. The decision ends a key logistics partnership between the two companies.
The charge reflects the costs of winding down operations tied to the pact. Americold had previously collaborated with Ahold Delhaize to streamline retail distribution, but the venture will now cease.
Shares of COLD fell 2.6% in premarket trading following the announcement, signaling investor concern over the financial impact and lost revenue from the terminated deal.