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:
“He was high and mighty. But the kindest creature to his slaves—and the unfortunate results of his bad ways were not sold, had not to jump over ice blocks. They were kept in full view and provided for handsomely in his will. His wife and daughters in the might of their purity and innocence are supposed never to dream of what is as plain before their eyes as the sunlight, and they play their parts of unsuspecting angels to the letter.”
—Anonymous Antebellum Confederate Women. Previously quoted by Mary Boykin Chesnut in Mary Chesnut’s Civil War, edited by C. Vann Woodward (1981)