Reddy Ice

Reddy Ice Holdings, Inc.
Company typePrivate
IndustryFast-moving consumer goods
HeadquartersDallas, Texas, U.S.
Key people
Lonny Warner, Chairman/CEO
ProductsPackaged ice
Number of employees
1,600[citation needed]
Websitewww.reddyice.com

Reddy Ice (stylized ReddyIce) is the largest packaged ice manufacturer in the United States, 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),[1] 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 in 2005.[2]

The company declared Chapter 11 bankruptcy in April 2012,[3] in Dallas, citing $434 million in assets against $531 million in liabilities. Centerbridge Partners invested and assumed control of Reddy Ice.[1] Stone Canyon Industries Holdings LLC, purchased Reddy Ice in July 2019 from Centerbridge Partners.[4]

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.[5][6]

References

  1. ^ a b Schoeck, Michael (2024-08-22). "Stone Canyon to test buyout interest in Reddy Ice, sources say". PE Hub. Retrieved 2024-10-10.
  2. ^ "Reddy Ice prices public offering". Dallas Business Journal. 10 August 2005. Retrieved 6 December 2024.
  3. ^ "Reddy Ice Planning For Bankruptcy Protection - CBS Texas". www.cbsnews.com. 2012-04-12. Retrieved 2024-10-10.
  4. ^ "The Bankruptcy Files: Reddy Ice Retains DLA Piper for Restructuring, Merger". Amlawdaily.typepad.com. 2012-04-12. Retrieved 2020-05-14.
  5. ^ Stockton, Sommer (2023-01-06). "Reddy Ice Appoints Warner As Incoming CEO". The Shelby Report. Retrieved 2024-10-10.
  6. ^ Innovates, Dallas; Murray, Lance (2023-01-10). "Reddy Ice Taps Veteran Business Leader as CEO, President and Board Member". Dallas Innovates. Retrieved 2024-10-10.
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