Americold Realty Trust and Ahold Delhaize USA have agreed to wind down their automated retail distribution center in Lancaster, Pennsylvania, and will not start operations at a planned automated facility in Plainville, Connecticut. The cold-storage REIT expects to record a non-cash impairment charge of $305 million to $325 million in the second quarter of 2026, against a combined net book value of approximately $455 million for the two facilities as of June 30, 2026. Operations at the Pennsylvania site will be unwound by December 31, 2026, with a possible six-month extension, while the Connecticut facility will be idled immediately. Americold is pursuing disposition of both properties but may also consider continued ownership, redevelopment, or remediation. The company said the wind-down will not affect its previously issued full-year 2026 outlook and that the facilities' results are not material to its financial statements for fiscal 2026 or prior periods.
Koninklijke Ahold Delhaize NVAhold Delhaize ends automated warehouse pact with Americold, leading to impairment and wind-down of facilities, indicating a failed investment and operational setback.
Americold Realty Trust