Reddy Ice (stylized ReddyIce) is the largest
packaged ice
Ice is water that is frozen into a solid state, typically forming at or below temperatures of 0 ° C, 32 ° F, or 273.15 K. It occurs naturally on Earth, on other planets, in Oort cloud objects, and as interstellar ice. As a naturally oc ...
manufacturer in the
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
, serving approximately 82,000 customer locations under the Reddy Ice brand name.
It was originally formed in 1972 as a division of the
Southland Corporation (the parent company of
7-Eleven
7-Eleven, Inc. is an American convenience store chain, headquartered in Irving, Texas. It is a wholly owned subsidiary of Seven-Eleven Japan, which in turn is owned by the retail holdings company Seven & I Holdings.
The chain was founde ...
),
who sold it off to what would become
Suiza Foods in 1988. It was sold to private investors in 2000 and went public on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
in 2005.
The company declared Chapter 11 bankruptcy in April 2012, in
Dallas
Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...
, citing $434 million in assets against $531 million in liabilities.
Centerbridge Partners invested and assumed control of Reddy Ice.
Stone Canyon Industries Holdings LLC, purchased Reddy Ice in July 2019 from Centerbridge Partners.
On January 16, 2013, their CEO Gilbert Cassagne resigned, the position was taken over by Bill Corbin, who was named board chairman in November. Deb Conklin was CEO from July 2019 to December 2022. In January 2023, Lonny Warner was named CEO.
References
7-Eleven
Food and drink companies based in Dallas
Manufacturing companies based in Dallas
External links
Official website{{US-manufacturing-company-stub