(KTIV) – Cloverleaf Cold Storage has been purchased by Americold Realty Trust.
The purchase price is $1.24 billion.
The company hopes to close on the deal before the end of June.
Cloverleaf was founded in 1952 in Sioux City and is the 5th largest cold storage provider in the United State by refrigerated cubic feet.
Americold is based in Atlanta, Georgia.