M&A Deal Summary

Arctic Glacier Acquires Mid-Central Ice

On April 5, 2021, Arctic Glacier acquired beverage company Mid-Central Ice

Acquisition Highlights
  • This is Arctic Glacier’s 2nd transaction in the Beverages sector.
  • This is Arctic Glacier’s 4th transaction in the United States.
  • This is Arctic Glacier’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-04-05
Target Mid-Central Ice
Sector Beverages
Buyer(s) Arctic Glacier
Deal Type Add-on Acquisition

Target

Mid-Central Ice

Ottertail, Minnesota, United States
Mid-Central Ice is a producer of high-quality packaged ice for customers across Minnesota and North Dakota. Mid-Central Ice was founded in 1997 and is based in Ottertail, Minnesota.

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Buyer(S) 1

Buyer

Arctic Glacier

Winnipeg, Manitoba, Canada
Category Company
Founded 1996
Sector Beverages
DESCRIPTION

Arctic Glacier is a producer, marketer and distributor of packaged ice, with a strong and loyal customer base across Canada and much of the northern, central and western United States. Arctic Glacier was founded in 1996 and is based in Winnipeg, Manitoba.

DEAL STATS #
Overall 4 of 9
Sector (Beverages) 2 of 4
Type (Add-on Acquisition) 4 of 9
State (Minnesota) 1 of 1
Country (United States) 4 of 8
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 Norton Ice

Norton, Kansas, United States

Norton Ice provides high-quality ice to a diverse customer base including c-stores, the entire grocery sector. Norton Ice was founded in 1983 and is based in Norton, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 GEM Ice

The Dalles, Oregon, United States

GEM Ice is a producer and distributor of packaged ice with an IPIA accredited member whose production processes comply with the Association’s highest quality standards for food-grade safe packaged ice. GEM Ice was founded in 1979 and is based in Dalles, Oregon.

Buy -
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