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New Deal


Announced

Stone Canyon Industries Holdings to acquire Reddy Ice.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Pending

packaged ice

Acquisition

Food Products

Private Equity

Single Bidder

Majority

Friendly

Synopsis

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Stone Canyon Industries, a global industrial holding company, agreed to acquire Reddy Ice, a manufacturer and distributor of packaged ice in the United States, from Centerbridge Partners, a private investment management firm. Financial terms were not disclosed. "This investment represents the next step in our plan to build a diversified industrial conglomerate. We look forward to building on the success created by Reddy Ice CEO Deb Conklin, Chairman Bill Corbin and their entire team as we transition to this new phase in the company's future," James Fordyce, SCIH Co-CEO.

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