News and Events

Balmoral Advisors is pleased to announce that Carthage Crushed Limestone, a subsidiary of Americold Realty Trust, has been sold to U.S. Lime & Minerals. Balmoral served as financial advisor to Americold Realty Trust.

U.S. Lime & Minerals (NasdaqGS:USLM) Acquires Carthage Crushed Limestone, a subsidiary of Americold Realty Trust (NYSE:COLD).

Carthage Crushed Limestone is supplier of construction aggregate and fine grind limestone products that are used in building materials for industrial applications and as feed ingredients. Carthage Crushed Limestone supplies a number of markets including animal feed, cast stone, clay targets, fertilizer, fiberglass and roofing products.

Terms of the transaction were not disclosed. Americold Realty Trust was represented by Balmoral Advisors as sell-side M&A advisor and Bryan Cave as M&A counsel on this transaction.

About Americold Realty Trust

Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, GA, Americold owns and operates 183 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada and Argentina as of March 31, 2020. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors and retailers to consumers. Americold serves thousands of customers and employs nearly 13,000 associates worldwide.

About U.S. Lime & Minerals, Inc.

United States Lime & Minerals, Inc., a NASDAQ-listed public company with headquarters in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction, industrial, environmental, metals, oil and gas services, roof shingle manufacturers and agriculture industries. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Oklahoma and Texas through its wholly owned subsidiaries.