Reddy Ice Holdings Inc. (FRZ) is Still in the Ice Age

When you manufacture and distribute approximately 1.9 million tons of ice annually, you know you’re doing something right. That’s what Reddy Ice Holdings, Inc. does consistently and hopes to continue to do for a long time. Headquartered in Dallas, Texas, they are the largest manufacturer and distributor of packaged ice in the United States.

Reddy Ice Holdings Inc. employs over 2,000 employees year-round. They manufacture and distribute their products under the Reddy Ice brand name to 82,000 locations in 31 states, plus the District of Columbia. The company distributes their products to supermarket chains, mass merchants, convenience stores, wholesale ice and food distributors, commercial users, resorts and restaurants, agricultural buyers, and competitive producers and self-suppliers.

As part of the Processed and Packaged Goods industry, they trade on the NYSE. Their current market capitalization is $278.97M. Reddy Ice Holdings Inc. has 63 manufacturing plants and 59 distribution centers in the country. The company also operates their Cassco Cold Storage facilities. These facilities provide public refrigerated storage space to the poultry industry and other food companies.

Reddy Ice Holdings manufactures block ice, traditional cubed ice, dry ice, and bottled water products. They have a premium line of ice cubes called Crystal Classic Cubes. This is their top-quality beverage ice. This ice contains the finest water, which goes through additional filtering. This filtering removes chlorine, fluoride, and bacteria. The company freezes this product with an advanced process that eliminates any air forming in the cubes. The result is an ice cube that is slower to melt. This then results in a drink staying cold, while not watering down as fast.

Reddy Ice offers merchandising services to their customers to help them increase ice sales in their businesses. They also offer their customers the Ice Factory™. This product is a stand-alone system that a business places on their premises. This system, produces, packages, and displays ice products 24 hours a day.

With ice a major part of everyday living, Reddy Ice Holdings Inc. hopes to remain the premier manufacturer and distributor of it in the U.S. Their constant innovation in product development and commitment to customer service is the focus they believe will drive future growth. They hope their customers and shareholders will continue to raise their glasses, tinkling with their cubes, for years to come.

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