NHG assists Reddy Ice in Aguafría acquisition
Nader Hayaux & Goebel (NHG) has assisted Reddy Ice, a leading US ice manufacturer and distributor, in the acquisition of 100% of the equity of Fábrica de Hielo Apodaca, known as Aguafría, Mexico’s largest ice manufacturer, serving more than 6,000 customers in various locations throughout Mexico.
This marks Reddy Ice’s first international acquisition, significantly expanding its market presence beyond the US and solidifying its position as the largest manufacturer and distributor of packaged ice products.
The advisory involved a legal review that required a thorough knowledge of Mexican law, including water, environmental, real estate and regulatory issues, and a thorough examination of the assets and liabilities that comprise Aguafría’s ice business. It also involved complex due diligence and negotiations around a cross-border share purchase agreement relating to an existing lender, whose debt and collateral were successfully repaid and released on the closing date.
NHG’s team was led by partner Vanessa Franyutti (pictured), with support from partners Alejandro Mendiola, Adalberto Valadez and Marcela Ánimas, along with associates Gabriela Zorrilla, Fernando Castillo, Sandra Portillo, Allan Pastor, David Arguedas and Mario Herrera.
