Reddy Ice Announces Agreement to Acquire Arctic Glacier

DALLAS, Jan. 30, 2026 /PRNewswire/ -- Reddy Ice, LLC ("Reddy Ice") today announced an agreement to acquire Arctic Glacier, LLC, a North American provider of premium ice products and services, from Carlyle (NASDAQ: CG). Terms of the transaction were not disclosed.

Reddy Ice is a portfolio company of SCI Capital Partners LP ("SCI") and a leading manufacturer and distributor of packaged ice in the United States.

"We are proud to welcome Arctic Glacier to the Reddy Ice family," said Lonny Warner, Chief Executive Officer of Reddy Ice, and a member of the Reddy Ice Board of Directors. "We believe the combination of these two outstanding, complimentary companies will allow us to create increased operational efficiency across a diverse footprint in the US, Mexico and now Canada. Our vision is to transform the world's health, welfare, and quality of life by providing superior and exceptional products and services to our customers. We believe this will allow us to deliver on this commitment to our customers and the communities in which we operate and live." 

"This acquisition highlights the value and strength of our business, which has always been passionately focused on exceeding our customers' expectations," said Peter Laport, Chief Executive Officer at Arctic Glacier. "We take pride in our advanced innovative ice solutions, and our strong commitment to top-tier advancements in technology, strong trusted partnerships with our customers, our operational prowess, and excellence in food safety. We have built a thriving, people-first culture that has earned the trust of our exceptional associates and customers. This transaction is a result of the outstanding work we've done and we look forward to continuing to deliver for our customers and employees in partnership with Reddy."

Shawn Malleck, Chairman of the Board and Partner at SCI, said: "This transaction was a clear and compelling opportunity for strategic growth and value for our shareholders. Both companies share a commitment to the highest quality products and services, and the combined financial strength and operational proficiency will allow us to exceed customer expectations over the long term."

Matthew Coles, Managing Director at Carlyle, said: "We are proud of all that Arctic Glacier has accomplished and grateful to the management team and employees for their dedication. We wish the combined company continued success as it enters this exciting next chapter, bringing together two robust and geographically complementary platforms to better serve customers across North America."

The acquisition is subject to customary closing conditions including regulatory approvals. In connection with the DOJ Antitrust Division's review of the transaction, Reddy Ice will be divesting four of its facilities and associated customer contracts in Mukilteo & Lakewood, WA, Coeur d'Alene, ID and Brawley, CA, as well as customer contracts in Oregon and in the New York and Boston metropolitan areas.

For Reddy Ice, Latham & Watkins LLP served as legal advisors and BMO Capital Markets Corp. served as financial advisor.

For Arctic Glacier, Debevoise & Plimpton LLP and Rule Garza Howley LLP served as legal advisors and Deutsche Bank served as financial advisor.

About Reddy Ice

Reddy Ice is the largest manufacturer and distributor of packaged ice products in North America. The Company serves a diverse customer base through a network of over 115 manufacturing, distribution centers and cold storage facilities throughout the US and Mexico. Reddy Ice provides a broad array of product offerings in the marketplace including packaged ice, Craft premium ice and Hydration services and solutions. Distribution is through traditional direct store delivery, warehouse programs, and its proprietary technology, The Ice Factory®. Known for exceptional products, customer service, and industry leading distribution solutions, Reddy Ice serves a wide variety of consumer-packaged goods channels including grocery, mass merchandiser and club stores, convenience stores, drug and dollar stores, as well as non-retail companies such as airlines, construction services, industrial manufacturing, emergency services, and catering and event services.

About Arctic Glacier

Arctic Glacier is a North American provider of premium ice products and services. For over 140 years the company has been manufacturing and distributing packaged ice. Annually, the company produces and delivers over 2.5 billion pounds of premium ice to supermarkets, mass merchants, c-stores, dollar stores, gas stations, liquors stores, as well as many other commercial and industrial businesses.  Arctic Glacier operates 77 manufacturing facilities and distribution centers throughout the US and Canada and services over 70,000 customers.

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SOURCE Stone Canyon Industries Holdings