Reddy Ice completes acquisition of Arctic Glacier to expand North American cold chain distribution
Key takeaways
- Reddy Ice acquires Arctic Glacier, consolidating North American ice distribution networks.
- As part of DOJ review, Reddy Ice will divest four facilities and select customer contracts.
- The deal marks Reddy Ice’s 22nd acquisition since 2019, signaling continued cold chain M&A activity.
Reddy Ice recently closed its acquisition of Arctic Glacier, a North American provider of premium ice products and services, from Carlyle.
The company, which manufactures and distributes packaged ice in the U.S. and Mexico, completed the transaction as part of its continued expansion strategy. Terms of the deal were not disclosed.
The combination brings together two ice manufacturers and distributors serving customers across North America. In connection with the U.S. Department of Justice Antitrust Division’s review, Reddy Ice will divest four facilities in Mukilteo and Lakewood, Washington; Coeur d'Alene, Idaho; and Brawley, California, along with certain customer contracts in Oregon and the metropolitan areas of New York and Boston.
“We are pleased to welcome Arctic Glacier into the Reddy Ice and SCI family and excited about the value we can unlock as a combined organization—for our customers, our team members, and the broader industry,” Lonny Warner, CEO of Reddy Ice and a member of the company's board of directors, stated. “Both companies bring exceptional people and a strong, winning culture, and I look forward to working closely with our teams to realize the full potential of this combination. This is a truly transformational opportunity that advances our mission to make life better by delivering high-quality, innovative products and services in the communities we serve while partnering with our customers to exceed expectations and providing our team members with a safe, rewarding place to build their careers.”
