Polo Nord Ice Cubes

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Polo Nord Ice Cubes - overview

Established

2004

Location

-, Verona, Italy

Primary Industry

Logistics & Distribution

About

Polo Nord Ice Cubes is an Italian company specializing in the production and distribution of food-grade ice in cube and crushed forms, serving a variety of businesses across Italy. Founded in 2004 in Italy, Polo Nord Ice Cubes is dedicated to producing and supplying food-grade ice for both retail and commercial sectors. The company transitioned its operations to become part of Procubitos S. L.


following an acquisition in October 2018. The founder's background is not publicly documented. The company has its headquarters and primary operations in Italy, which supports its extensive delivery network across the country. Polo Nord Ice Cubes specializes in the production, distribution, and sale of packaged food-grade ice, available in both cube and crushed forms.


As a pioneer in Italy for packaged food-grade ice in organized distribution, it caters to various clients, including retail outlets, restaurants, and event venues. The company boasts a production capacity of 250 quintals of ice per day and utilizes fully automated technology in its manufacturing processes, with products certified by leading international quality assurance bodies. In the most recent fiscal year of 2023, Polo Nord Ice Cubes reported revenue of USD 2. 80 mn and an EBITDA of USD 724,975.


The company operates mainly on a B2B basis, engaging in partnerships with retailers and wholesalers to distribute its ice products through bulk orders, ensuring a reliable supply chain for its customers in the food and beverage sector. Polo Nord Ice Cubes is focused on leveraging its recent acquisition to enhance its market presence in Italy. The company aims to expand its product offerings and explore potential new geographic markets in Europe by 2025. The funds from the acquisition deal in October 2018 are expected to support these strategic initiatives, although specific product launches and details about new markets have not been disclosed.


Current Investors

Procubitos Europe SL, Grupo Hervaz

Primary Industry

Logistics & Distribution

Sub Industries

Food & Beverage Distribution

Website

www.polonordice.it

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Polo Nord Ice Cubes - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedPolo Nord Ice Cubes-

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