Reddy Ice
Reddy Ice is a United States packaged-ice manufacturer and distributor serving retail, foodservice, convenience, and other commercial customers.
Last updated August 26, 2026
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Overview
Reddy Ice is a United States packaged-ice brand and manufacturing business. The company was originally established in 1972 as a division of the Southland Corporation, the parent company associated with the 7-Eleven convenience-store chain. From that beginning, the business developed around the production, packaging, distribution, and merchandising of ice for retail and commercial customers. The operation was separated from Southland in 1988 and sold to what would later become Suiza Foods. That transaction placed Reddy Ice within a broader food and beverage portfolio and helped establish the company as an independent packaged-ice platform rather than simply an internal division of a convenience-store operator. In 2000, the business was sold to private investors. It subsequently entered the public markets, listing on the New York Stock Exchange in 2005. Reddy Ice's principal business is the manufacture and delivery of packaged ice. Its network serves approximately 82,000 customer locations in the United States under the Reddy Ice name. The customer base is associated with locations that sell or use packaged ice, including convenience stores, grocery and retail outlets, foodservice businesses, and other commercial accounts. The company’s operating model depends on geographically distributed production and delivery capabilities because ice is bulky, comparatively low-value per unit, and costly to transport over long distances. The company experienced significant financial distress in 2012, when it filed for Chapter 11 bankruptcy protection in Dallas. At the time of the filing, Reddy Ice reported approximately $434 million in assets and $531 million in liabilities. The restructuring resulted in Centerbridge Partners investing in the business and assuming control. The process also marked a major transition from Reddy Ice’s period as a publicly traded company to a privately controlled ownership structure. Leadership changed during and after the restructuring period. Gilbert Cassagne resigned as chief executive officer on January 16, 2013, and Bill Corbin assumed the CEO role. Corbin was also named board chairman later that year. Reddy Ice was acquired by Stone Canyon Industries Holdings LLC from Centerbridge Partners in July 2019. Deb Conklin served as CEO from July 2019 through December 2022, after which Lonny Warner was named CEO in January 2023. Today, Reddy Ice remains focused on packaged ice manufacturing and distribution in the United States. Its brand proposition is based less on consumer lifestyle positioning than on dependable availability, product consistency, cold-chain logistics, and service to a large network of retail and commercial locations. Publicly available reference material identifies the company as the largest packaged-ice manufacturer in the United States, although detailed current financial, operational, and geographic disclosures are limited because the business is privately held.
History
Reddy Ice began in 1972 as a division of the Southland Corporation, the company associated with the 7-Eleven convenience-store business. Its initial organizational setting connected packaged-ice production with a large convenience-store retail network, where ice was an important complementary product for consumers and store operators. Over time, Reddy Ice developed beyond that original corporate context into a dedicated packaged-ice manufacturing and distribution business. In 1988, Southland sold the ice operation to what would become Suiza Foods. The change in ownership transferred Reddy Ice into a broader food and beverage corporate environment. The business continued to focus on producing, packaging, and distributing ice to retail and commercial outlets, activities that require local or regional manufacturing capacity because transportation distances materially affect the economics of the product. Reddy Ice was sold to private investors in 2000. It later returned to the public markets, becoming listed on the New York Stock Exchange in 2005. The public-company period gave the business access to public equity markets and placed its performance under the reporting expectations associated with a listed issuer. The company’s scale was reflected in its extensive customer reach: reference material describes approximately 82,000 customer locations served under the Reddy Ice brand in the United States. The company encountered severe financial pressure in 2012. In April of that year, Reddy Ice filed for Chapter 11 bankruptcy protection in Dallas. Its reported balance sheet showed approximately $434 million in assets against $531 million in liabilities. The bankruptcy was a major structural turning point. Centerbridge Partners invested in the company and assumed control as part of the restructuring, moving the business into a new privately controlled ownership phase. Management changes followed the restructuring. Gilbert Cassagne resigned as CEO on January 16, 2013, and Bill Corbin took over the chief executive position. Corbin was named board chairman in November of the same year. These changes occurred as the company operated under post-bankruptcy ownership and sought to continue its core manufacturing and distribution activities. Another ownership transition took place in July 2019, when Stone Canyon Industries Holdings LLC purchased Reddy Ice from Centerbridge Partners. Deb Conklin served as CEO from July 2019 until December 2022. In January 2023, Lonny Warner was named CEO. The available reference material does not provide enough detail to describe subsequent strategic initiatives, facility changes, product innovations, or financial performance. Reddy Ice’s enduring business identity is that of a specialized packaged-ice producer with a large United States distribution footprint. Its products are sold through customer locations rather than being positioned primarily as a conventional consumer packaged-goods portfolio. The company’s competitive relevance therefore rests on manufacturing reliability, regional availability, distribution execution, retailer relationships, and the ability to keep packaged ice available at a large number of locations. Because Reddy Ice is privately owned, current public information about its revenue, profitability, market share, facilities, and detailed product range is limited.
- 2023
Lonny Warner becomes CEO
[1]Lonny Warner was named chief executive officer in January 2023.
- 2019
Acquired by Stone Canyon Industries Holdings
[1]Stone Canyon Industries Holdings LLC purchased Reddy Ice from Centerbridge Partners in July 2019.
- 2013
Post-restructuring leadership transition
[1]Gilbert Cassagne resigned as CEO, Bill Corbin became CEO, and Corbin was later named board chairman.
- 2012
Chapter 11 bankruptcy filing
[1]Reddy Ice filed for Chapter 11 protection and reported approximately $434 million in assets and $531 million in liabilities.
- 2005
New York Stock Exchange listing
[1]The company went public on the New York Stock Exchange.
- 2000
Sold to private investors
[1]Reddy Ice was sold to private investors, beginning a new privately owned phase before its later public listing.
- 1988
Sold by Southland
[1]Southland sold the ice business to what would later become Suiza Foods.
- 1972
Established as a Southland Corporation division
[1]Reddy Ice was formed as a division of the Southland Corporation, the parent company associated with 7-Eleven.
Products and positioning
A large-scale United States packaged-ice manufacturer and distributor emphasizing broad retail availability, dependable supply, and service to approximately 82,000 customer locations.
Packaged ice
Reddy Ice packaged ice
The company’s core offering is packaged ice sold under the Reddy Ice brand. The product is manufactured, bagged, distributed, and supplied to a broad network of United States customer locations. Public reference material does not provide a complete current breakdown of ice formats, bag sizes, or specialty variants.
Foodservice and commercial supply
Commercial ice supply
Reddy Ice also serves commercial customers that require packaged ice for retail, foodservice, and related operating needs. This offering is primarily a manufacturing and distribution service rather than a separately documented consumer product line.
Brand decisions
2019
Sale to Stone Canyon Industries HoldingsM&ABackground
Centerbridge Partners controlled Reddy Ice after the 2012 restructuring.
Action taken
Stone Canyon Industries Holdings LLC purchased Reddy Ice from Centerbridge Partners in July 2019.
Aftermath
The transaction established Stone Canyon Industries Holdings as the company’s owner and was followed by a CEO transition under Deb Conklin.
2012
Chapter 11 restructuringOtherBackground
Reddy Ice entered Chapter 11 proceedings after reporting liabilities greater than assets.
Action taken
The company sought bankruptcy protection in Dallas, with Centerbridge Partners investing and assuming control through the restructuring.
Aftermath
The restructuring moved Reddy Ice into a privately controlled ownership phase and preceded subsequent leadership changes.
Reported assets and liabilities at filing. $434 million in assets; $531 million in liabilities (April 2012)
Recent events
- 2023
Lonny Warner named chief executive officer[1]
Leadership change
Lonny Warner became Reddy Ice CEO in January 2023, following Deb Conklin’s tenure.
- 2022
Deb Conklin completes tenure as CEO[1]
Leadership change
Deb Conklin served as Reddy Ice CEO from July 2019 through December 2022.
- 2019
Stone Canyon Industries Holdings acquires Reddy Ice[1]
M&A
Stone Canyon Industries Holdings LLC purchased Reddy Ice from Centerbridge Partners in July 2019, changing the company’s private-equity ownership.
- 2013
Gilbert Cassagne resigns as chief executive[1]
Leadership change
Gilbert Cassagne resigned as Reddy Ice CEO on January 16, 2013. Bill Corbin took over the chief executive role.
- 2013
Bill Corbin named board chairman[1]
Leadership change
Bill Corbin was named chairman of the Reddy Ice board later in 2013 after assuming the CEO position earlier that year.
- 2012
Reddy Ice files for Chapter 11 bankruptcy protection[1]
Bankruptcy
Reddy Ice filed for Chapter 11 bankruptcy protection in Dallas. The company reported approximately $434 million in assets and $531 million in liabilities at the time of the filing.
- 2012
Centerbridge Partners assumes control of Reddy Ice through restructuring[1]
M&A
Centerbridge Partners invested in Reddy Ice during its restructuring and assumed control of the packaged-ice company.
Sources1 sources
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