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Ice Sculptures

Arctic Glacier Inc. is a leading manufacturer and distributor of premium quality packaged ice products, primarily under the brand name Arctic Glacier® Premium Ice. We are the largest producer of packaged ice in Canada and are among the largest producers in the United States, serving over 75,000 retail, commercial and industrial customer locations throughout six provinces in Canada and nineteen states in the northeastern, central and western United States.

We have grown significantly since our start in 1996, primarily through an aggressive acquisition strategy in the highly fragmented ice production and distribution industry. We have acquired 78 packaged ice businesses in Canada and the United States to date at a cost of almost US$475 million. These geographically contiguous acquisitions have established our critical mass, allowing us to improve financial results by leveraging our investments in infrastructure and brand development. We are now the largest producer and distributor of packaged ice in each of the markets that we operate.

We currently operate 39 production and 48 distribution facilities, and employ more than 1,100 people year-round. Our labor force increases to more than 2,400 employees during the summer to meet the increased seasonal increases in demand for our products. Our current production capacity is approximately 11,000 tons of ice per day.

We also license our trade names and proprietary technology to independently owned companies in Canada and the United States under franchise and license agreements.

Arctic Glacier Inc. is a wholly owned subsidiary of the Arctic Glacier Income Fund. Fund units trade on the Toronto Stock Exchange under the symbol AG.UN. We have 39.0 million units outstanding.

Our corporate headquarters are located at 625 Henry Avenue, Winnipeg, Manitoba, R3A 0V1, which can be reached by phone at 204.772.2473 or by fax at 204.783.9857.

Milestones
March 1, 1996
686363 Alberta Ltd. is incorporated under the laws of Alberta for the purpose of creating an entity to acquire and operate packaged ice businesses in Canada and the United States.
May 1, 1996
Name is changed to The Arctic Group Inc.
March 25, 1997
The Arctic Group Inc. completes $2 million initial public offering.
April 9, 1997
The Arctic Group Inc. securities are listed for trading on the Alberta Stock Exchange.
December 31, 1999
The Arctic Group Inc. begins trading on the Toronto Stock Exchange.
March 22, 2002
The Arctic Group Inc. is reorganized into an income trust, called the Arctic Glacier Income Fund, which owns all of the outstanding shares of the operating company called Arctic Glacier Inc.

Arctic Glacier Income Fund completes $86 million initial public offering.
June 25, 2003
Arctic Glacier Income Fund completes $25.2 million equity offering of new units.
October 8, 2003
Arctic Glacier Income Fund completes $50 million equity offering of new units.
September 20, 2005
Arctic Glacier Income Fund completes $50 million equity offering of new units.
May 25, 2006
Arctic Glacier Income Fund completes $50 million equity offering of subscription receipts and issues $100 million of extendible convertible debentures.
May 25, 2006
Arctic Glacier Inc. completes first part of US$190 million acquisition of California Ice.
May 25, 2006
Following successful completion of first part of acquisition, subscription receipts are exchanged for Fund units and maturity date of convertible debentures is extended to July 31, 2011.
August 8, 2006
Arctic Glacier Inc. completes final part of US $190 million acquisition of California Ice.
February 1, 2007
Arctic Glacier Income Fund completes $70 million equity offering of new units.
February 10, 2010
Arctic Glacier Inc. enters into $185 million second-lien term loan.
Fast Facts
2009 Revenues:
US$228 Million
Employees:
1,100 year-round, 2,400 during summer season
Headquarters:
Winnipeg, Manitoba, Canada
Locations:
39 production plants and 48 distribution centers
President & CEO:
Keith McMahon
CFO:
Doug Bailey

Corporate Structure
Locations
2008 Annual Report (PDF)

 

 
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