Americold’s AU$1.7 Billion Acquisition of Agro

K&L Gates represented Americold in the transaction.

Atlanta-based Americold completed the AU$1.7 billion acquisition of Agro, including the Doboy business in Brisbane.

Americold is a global leader in temperature-controlled infrastructure and supply chain solutions, and the purchases show strategic and significant growth in footprint for the company, including in Australia.

AGRO Merchants Group was founded in January 2013. Along with its financial partner, Oaktree Capital Management, AGRO Merchants currently operates over 7.7 million cubic meters of temperature-controlled warehouse and distribution space in the U.S, UK, Austria, Ireland, Spain, Portugal, Poland, Australia, Brazil, Chile and the Netherlands.

The K&L Gates team advising Americold was led by competition and consumer law partner Ayman Guirguis (Picture) who secured the ACCC clearance, corporate partner Daniel Atkin and real estate partner Samuel Brown. They were supported by a large cross-practice team, including Mei Gong (competition), Roddy Johnson, and Celina Liang (corporate), Damiano Castelli (real estate), Adam Levine and Natasha Augustine-Fleming (FIRB/foreign investment clearance), Michaela Moloney, Stephen Hardy and John Rodney (labour, employment and workplace safety) and Matthew Cridland (tax). 

Involved fees earner: Daniel Atkin – K&L Gates; Natasha Augustin – K&L Gates; Samuel Brown – K&L Gates; Damiano Castelli – K&L Gates; Matthew Cridland – K&L Gates; Mei Gong – K&L Gates; Ayman Guirguis – K&L Gates; Stephen Hardy – K&L Gates; Roddy Johnson – K&L Gates; Adam Levine – K&L Gates; Michaela Moloney – K&L Gates; John Rodney – K&L Gates;

Law Firms: K&L Gates;

Clients: Americold;