Arctic Glacier

Arctic Glacier is a manufacturer of packaged ice in Winnipeg, Manitoba, Canada. The company was founded in 1996 and has rapidly grown to become the largest producer of ice for the Canadian market and one of the largest for the American market.[2] The company operates 36 production and 50 distribution facilities,[3] and employs more than 1,100 people year-round.[4] Employment increases to 2,400 employees during the summer to meet the increased seasonal demand.[4]

Corporate headquarters are located in Winnipeg and employ 85 people.

The company declared bankruptcy in March 2012. It was delisted from the TSX in October 2011. In April 2012, its main rival Reddy Ice also declared bankruptcy in a pre-packaged bankruptcy backed by creditor Centerbridge Partners.[5] H.I.G. Capital agreed to acquire Arctic Glacier in May 2012.[6] The sale was completed July 27, 2012.[7]

See also

References

  1. ^ "Company Profile for Arctic Glacier Income Fund (CA;AG.UN)". Retrieved 2008-10-10.
  2. ^ "Arctic Glacier". arcticglacierinc.com. Archived from the original on September 23, 2015. Retrieved June 19, 2015.
  3. ^ "Arctic Glacier". arcticglacierinc.com. Archived from the original on September 23, 2015. Retrieved June 19, 2015.
  4. ^ a b "Arctic Glacier". arcticglacierinc.com. Archived from the original on September 23, 2015. Retrieved June 19, 2015.
  5. ^ "Troubled ice companies could be on path to merger". winnipegfreepress.com. Retrieved June 19, 2015.
  6. ^ "Private equity deals". Fortune. Retrieved June 19, 2015.
  7. ^ "Arctic Glacier Income Fund press release: July 27, 2012" (PDF). arcticglacierinc.com. Archived from the original (PDF) on September 23, 2015. Retrieved June 19, 2015.

External links