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Stone Canyon agrees to acquire packaged ice manufacturer Reddy Ice

Industrial holding company Stone Canyon Industries Holdings LLC agreed to acquire Reddy Ice Holdings Inc. for undisclosed terms.

Reddy Ice is a packaged ice manufacturer majority-owned by funds advised by Centerbridge Partners LP.

Latham & Watkins LLP and Gibson Dunn & Crutcher LLP were the legal advisers to Stone Canyon. BMO Capital Markets Corp., Jefferies LLC and Kirkland & Ellis LLP advised Centerbridge and Reddy Ice.