What is Crystal Ice?
For over five decades, Crystal Ice has been a cornerstone provider of ice products and services across Connecticut and Westchester County. Operating from Norwalk, Connecticut, the company serves a diverse clientele including supermarkets, liquor stores, convenience stores, marinas, restaurants, and caters to special events and home deliveries through weekly routes and on-call availability. As an independent, family-run business, Crystal Ice prides itself on reliable service, competitive pricing, and high-quality products manufactured in-house, producing approximately 100 tons daily. This self-sufficiency ensures no summer shortages, supported by a storage capacity of 35,000 bags of ice and a large fleet of refrigerated trucks. Crystal Ice is recognized as the largest ice producer in Connecticut, capable of supplying other ice companies, and boasts over 750 satisfied customers.
How much funding has Crystal Ice raised?
Crystal Ice has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Crystal Ice
PPP
Public-Private Partnership
What's next for Crystal Ice?
The substantial late-stage funding indicates Crystal Ice is poised for significant expansion or operational enhancement. This capital injection will likely be directed towards scaling production capabilities, modernizing its extensive delivery fleet, or potentially exploring new market territories beyond its current service areas. Given its long-standing history and dominant position within Connecticut, the strategic investment may also facilitate technological advancements in ice manufacturing or distribution logistics, further solidifying its competitive advantage and commitment to serving its broad customer base.
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