Reddy Ice, backed by SCI Capital, has acquired Arctic Glacier from The Carlyle Group in a move that expands its presence in the packaged ice industry. The deal strengthens Reddy Ice's position as North America's largest packaged ice manufacturer and distributor.

Arctic Glacier, a leading producer of packaged ice in Canada and the northeastern United States, brings significant market share and production capacity to Reddy Ice's portfolio. The acquisition aligns with Reddy Ice's strategy of consolidating the fragmented packaged ice market through strategic acquisitions.

This transaction represents another step in the ongoing consolidation of the packaged ice industry, where larger players are acquiring regional operators to achieve economies of scale. The deal underscores private equity's continued interest in stable, cash-flow generating businesses within the consumer staples sector.