Justice Department Requires Reddy Ice to Divest Assets to Proceed with Proposed Acquisition of Arctic Glacier

The Justice Department’s Antitrust Division announced today that it will require Stone Canyon Industries Holdings LP (owner of Reddy Ice) and Chill Parent Holdco LP (owner of Arctic Glacier) to divest assets in California, Massachusetts, New York, Oregon, and Washington to resolve antitrust concerns arising from Reddy Ice’s proposed more-than $126 million acquisition of Arctic Glacier. The proposed divestitures preserve competition for packaged ice sold to retail chains, airlines, and airline caterers in these states.