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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Polo Nord Ice Cubes | - |
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