Stone Canyon Industries Holdings, LLC has entered into a definitive agreement and plan of merger to acquire Reddy Ice Holdings, Inc., the largest manufacturer and distributor of packaged ice in the United States, which is majority owned by Centerbridge Partners, L.P. Terms of the transaction were not disclosed.
"This investment represents the next step in our plan to build a diversified industrial conglomerate," said James Fordyce, Co-CEO of SCIH. "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."
The company sells its products primarily under the widely known Reddy Ice brand to a variety of customers in 37 states and the District of Columbia.