Americold Realty Trust has entered a partnership with On the Run (OTR), a leading Australian convenience‑store chain, to provide storage and distribution services for OTR’s Adelaide operations and its national expansion. The deal was announced on December 23, 2025.
The partnership will deploy Americold’s fast‑turning, high‑touch inventory management system—an approach that has driven success in the quick‑service restaurant sector—to the convenience‑retail segment. OTR’s network of petrol stations and convenience stores will rely on Americold’s temperature‑controlled facilities to keep perishable goods fresh and inventory levels optimal.
Strategically, the deal expands Americold’s footprint in the Asia‑Pacific region and diversifies its customer base beyond the food‑service industry. The company already operates a temperature‑controlled facility in Ormeau, Queensland, acquired in August 2023, and the OTR partnership adds a multi‑unit operator that will generate new revenue streams and reinforce Americold’s presence in Australia.
In its most recent quarterly report, Americold posted earnings per share of $0.04, missing consensus expectations of $0.06, while revenue of $663.7 million slightly beat the $659.51 million forecast. The 1.6 % year‑over‑year decline in revenue reflects broader market headwinds, but the company’s guidance for 2025 remained unchanged, indicating confidence that the partnership will help offset short‑term pressure.
Analysts have downgraded the stock in response to occupancy and pricing challenges in the cold‑storage market, and the Q3 earnings miss added to negative sentiment. Nevertheless, CEO Rob Chambers emphasized that the OTR partnership is a key growth priority for 2026 and that Americold’s expertise in fast‑turning inventory will translate into new opportunities in the convenience‑retail sector.
OTR, part of Viva Energy Australia, is expanding its network across the country, and Americold’s entry into this market positions it against other cold‑storage providers. President Richard Winnall noted that the Adelaide operations are designed for speed, accuracy, and flexibility—attributes that are critical for convenience retail. OTR’s general manager Ralph Armiento praised Americold’s customer‑first mindset and adaptability as decisive factors in choosing the partnership.
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