Reddy Ice Announces Acquisition of Arctic Glacier
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Acquisition Agreement: Reddy Ice has announced the acquisition of Arctic Glacier, a North American premium ice products provider, with transaction terms undisclosed, marking a significant step in Reddy Ice's market expansion and expected to enhance operational efficiency across the U.S., Mexico, and Canada.
- Strategic Growth Opportunity: Reddy Ice CEO Lonny Warner stated that the acquisition will foster synergies in products and services between the two companies, further enhancing customer satisfaction and driving long-term value growth, demonstrating the company's keen insight into market demands.
- Operational Integration Plan: To comply with antitrust reviews, Reddy Ice will divest four facilities and associated customer contracts in Washington, Idaho, and California, a move aimed at ensuring the transaction's smooth completion and regulatory compliance.
- Industry Leadership Position: As the largest manufacturer of packaged ice products in North America, with over 115 manufacturing and distribution centers, the acquisition of Arctic Glacier will further solidify Reddy Ice's market leadership, expected to provide customers with a broader range of products and services.
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Analyst Views on CG
Wall Street analysts forecast CG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CG is 67.91 USD with a low forecast of 53.00 USD and a high forecast of 83.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 59.500
Low
53.00
Averages
67.91
High
83.00
Current: 59.500
Low
53.00
Averages
67.91
High
83.00
About CG
The Carlyle Group Inc. is a global investment company. The Company's segments include Global Private Equity, Global Credit and Carlyle AlpInvest. The Global Private Equity segment advises the Company's buyout, growth, real estate, infrastructure, and natural resources funds. The segment also includes the NGP Carry Funds advised by NGP Energy Capital Management (NGP). The Global Credit segment advises funds and vehicles that pursue investment strategies including insurance solutions, liquid credit, opportunistic credit, direct lending, asset-backed finance, aviation finance, infrastructure credit, cross-platform credit products, and global capital markets. The Carlyle AlpInvest segment advises global private equity programs that pursue secondary purchases and financing of existing portfolios, managed co-investment programs, and primary fund investments. The Carlyle AlpInvest segment helps investors meet their objectives through tailored portfolio construction and investment selection.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Reddy Ice Announces Acquisition of Arctic Glacier
- Acquisition Agreement: Reddy Ice has announced the acquisition of Arctic Glacier, a North American premium ice products provider, with transaction terms undisclosed, marking a significant step in Reddy Ice's market expansion and expected to enhance operational efficiency across the U.S., Mexico, and Canada.
- Strategic Growth Opportunity: Reddy Ice CEO Lonny Warner stated that the acquisition will foster synergies in products and services between the two companies, further enhancing customer satisfaction and driving long-term value growth, demonstrating the company's keen insight into market demands.
- Operational Integration Plan: To comply with antitrust reviews, Reddy Ice will divest four facilities and associated customer contracts in Washington, Idaho, and California, a move aimed at ensuring the transaction's smooth completion and regulatory compliance.
- Industry Leadership Position: As the largest manufacturer of packaged ice products in North America, with over 115 manufacturing and distribution centers, the acquisition of Arctic Glacier will further solidify Reddy Ice's market leadership, expected to provide customers with a broader range of products and services.

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Reddy Ice Acquires Arctic Glacier to Enhance Market Position
- Strategic Acquisition: Reddy Ice announced the acquisition of Arctic Glacier, a North American premium ice products provider, with undisclosed terms, marking a significant expansion strategy in the U.S., Mexico, and Canada.
- Operational Efficiency Boost: CEO Lonny Warner stated that the merger will enhance operational efficiency and strengthen the competitive position of both companies in North America, expected to improve customer service and product quality.
- Market Leadership: Arctic Glacier produces over 2.5 billion pounds of premium ice annually and operates 77 manufacturing and distribution centers, with the acquisition further solidifying Reddy Ice's leadership in the ice products market.
- Compliance and Adjustments: To meet antitrust review requirements, Reddy Ice will divest four facilities and associated customer contracts in Washington, Idaho, and California, ensuring the smooth completion of the transaction.

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