Reddy Ice Holdings, Inc. 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 a division of the Southland Corporation, who sold it off to what would become Suiza Foods in 1988. It was sold to private investors in 2000 and went public in 2005.
The company declared Chapter 11 bankruptcy on April 5, 2012, in Dallas citing $434 million in assets against $531 million liabilities. According to a prepackaged bankruptcy plan backed by Centerbridge Partners the company would merge Arctic Glacier which is also in bankruptcy with Centerbridge forgiving the debt in exchange for an ownership position in the new company.
Famous quotes containing the word ice:
“A young person is a person with nothing to learn
One who already knows that ice does not chill and fire does not burn . . .
It knows it can spend six hours in the sun on its first
day at the beach without ending up a skinless beet,
And it knows it can walk barefoot through the barn
without running a nail in its feet. . . .
Meanwhile psychologists grow rich
Writing that the young are ones should not
undermine the self-confidence of which.”
—Ogden Nash (19021971)