M&A Deal Summary

GlacierPoint Acquires Southern Ice Cream and Gourmet Foods

On June 30, 2022, GlacierPoint acquired distribution company Southern Ice Cream and Gourmet Foods

Acquisition Highlights
  • This is GlacierPoint’s 3rd transaction in the Distribution sector.
  • This is GlacierPoint’s 3rd transaction in the United States.
  • This is GlacierPoint’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2022-06-30
Target Southern Ice Cream and Gourmet Foods
Sector Distribution
Buyer(s) GlacierPoint
Deal Type Add-on Acquisition

Target

Southern Ice Cream and Gourmet Foods

Charlotte, North Carolina, United States
Southern Ice Cream and Gourmet Foods is a full-service distributor of ice cream and related products to grocery stores, convenience stores, pharmacies and scoop shops, mainly operating in North and South Carolina. Southern primarily distributes Nestlé ice cream and frozen products, as well as Wells ice cream (Blue Bunny), Mars, Tropicale and other frozen and fresh products. Southern Ice Cream and Gourmet Foods is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

GlacierPoint

Bronx, New York, United States

Category Company
Founded 2006
Sector Transportation
DESCRIPTION

GlacierPoint is a distributor of ice cream, frozen and fresh foods, and beverages for Dreyer’s, Häagen-Dazs, Edy’s, Skinny Cow, and other brands, as well as other fresh and frozen products, throughout the New York Metro area. The Company distributes to a diverse customer base comprised of grocery store chains, independent supermarkets, delis, drugstores, convenience store chains, and foodservice customers. GlacierPoint was founded in 2006 and is based in Bronx, New York.


DEAL STATS #
Overall 3 of 6
Sector: Distribution M&A 3 of 6
Type: Add-on Acquisition M&A Deals 3 of 6
State: North Carolina M&A 1 of 1
Country: United States M&A 3 of 6
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Gillette

Gardiner, New York, United States

Gillette is a supplier of ice cream products to all classes of trade in Eastern New York State as well as portions of Vermont, Massachusetts, Connecticut, and Pennsylvania. It distributes a broad array of ice cream and frozen food and refrigerated products, including brands such as Häagen-Dazs, Ben & Jerry’s, Nestlé, Good Humor, Perry’s, Ronnybrook, Leibys and many others. Gillette was formed in 1985 and is headquartered in Gardiner, New York.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Marina Ice Cream

Brooklyn, New York, United States

Marina Ice Cream is a full-service direct store delivery (“DSD”) distributor of ice cream and other food & beverage products. Marina Ice Cream was founded in 1983 and is based in Brooklyn, New York.

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