Stone Canyon Industries

What Stone Canyon Industries does

Stone Canyon Industries Holdings Inc. is a private industrial holding company founded in 2014 and headquartered in Los Angeles, California. The firm pursues a "buy, build, and hold" investment strategy, acquiring market-leading industrial businesses and enhancing their operations under long-term ownership. Its portfolio spans more than 18 countries and generated over US$10 billion in combined revenue in 2024, with 10,000+ employees across the group. Core holdings include Morton Salt, Reddy Ice, and the Mauser Packaging Solutions platform, which integrates Mauser Group (acquired 2017 for ~US$2.3 billion) and Consolidated Container Company (acquired February 2024). Earlier acquisitions such as BWAY (2016), A. Stucki Co (2015), Fleischmann's Vinegar (2015), Kissner Milling Company (2020), and Reddy Ice Holdings (2019) round out the portfolio across packaging, salt, ice, milling, and vinegar categories.

SCI operates as a capital allocator and operator rather than a product or technology developer. Revenue is generated entirely through its portfolio companies' industrial operations, including packaging products, salt, ice, vinegar, and milled goods sold through B2B and retail channels. The company does not publicly disclose pricing models or direct customer relationships, consistent with its holding-company structure where pricing and distribution are managed at the portfolio-company level. The firm differentiates itself through a patient-capital philosophy, deep industry knowledge, and an entrepreneurial culture that targets overlooked industrial assets with untapped potential.

Capital formation has been active: SCI raised approximately US$1.8 billion in a June 2019 funding round and secured US$115 million in financing from CPP Investments and Apollo Management in late 2024 and early 2025, with proceeds earmarked for investments in core holdings Morton Salt and Reddy Ice. Leadership includes Co-Founder, Co-Chairman, and Co-CEO Adam Cohn. The company has no public ticker and does not disclose AI/ML initiatives, patents, or proprietary technology platforms, reflecting its identity as an industrial holding company rather than a technology operator.

Name

Stone Canyon Industries

Legal name

Stone Canyon Industries Holdings Inc.

Website

https://scihinc.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Stone Canyon Industries is a private industrial holding company that acquires and operates market-leading industrial businesses in packaging, salt, ice, and milling across 18+ countries, managing a portfolio generating over US$10 billion in combined 2024 revenue.

Ownership category

akta.pro rank

Headquarters

HQ city

Santa Monica

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Portfolio Company Operations: Stone Canyon Industries generates revenue through its portfolio of acquired industrial companies. The portfolio companies collectively generated over US$10 billion in revenue in 2024. The company follows a buy, build, and hold strategy, maintaining long-term ownership of market-leading industrial businesses.

Go-to-market motion1 record

Core offering

Stone Canyon Industries Holdings Inc. operates a "buy, build, and hold" investment strategy, acquiring and managing controlling stakes in market-leading industrial businesses for long-term value creation. Its portfolio includes industrial packaging (Mauser Packaging Solutions/Mauser Group, Consolidated Container Company, BWAY), salt production (Morton Salt, Kissner Milling Company), ice production and distribution (Reddy Ice), and other industrial assets (A. Stucki Co, Fleischmann's Vinegar). The holding company supplies patient capital, operational expertise, and strategic guidance to enhance the performance of its portfolio companies across more than 18 countries.

Product overview

Stone Canyon Industries LLC operates a 'buy, build, and hold' investment strategy focused on acquiring and enhancing market-leading industrial businesses. Rather than offering a unified software product, SCI's portfolio consists of distinct industrial companies and brands managed as core holdings, including Morton Salt, Reddy Ice, and the Mauser Packaging Solutions platform (which encompasses Mauser Group and Consolidated Container Company). These portfolio companies collectively generated over US$10 billion in revenue in 2024 across more than 18 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Mauser Packaging Solutions Industrial packaging solutions platform formed through the integration of Mauser Group (acquired 2017) and subsequent acquisitions including Consolidated Container Company (February 2024). Serves industrial customers globally and operates as a core business unit within SCI's portfolio.
• Morton Salt Iconic American salt brand and leading producer of salt products for consumer, industrial, and agricultural markets. Represents one of SCI's primary core holdings.
• Reddy Ice Major ice manufacturer and supplier in the United States, serving as a core holding within SCI's portfolio of market-leading industrial businesses.
• Consolidated Container Company Rigid plastic container manufacturer acquired in February 2024 by Mauser Packaging Solutions, expanding SCI's packaging portfolio within the industrial sector.
• Kissner Milling Company Industrial milling company acquired on 2020-02-03 for approximately $2,000,000,000, complementing SCI's salt business under Morton Salt.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Melrose Industries: UK-listed acquirer of underperforming industrial businesses that applies operational improvement and then divests — a closely analogous 'buy, improve, and hold/rotate' industrial strategy to Stone Canyon's approach.
• Onex Corporation: Canadian private equity firm and holding company focused on acquiring and building industrial businesses over the long term, with a portfolio spanning manufacturing, packaging, and industrial services comparable to Stone Canyon's holdings.
• Compass Diversified: Public diversified holding company that acquires and manages controlling interests in North American middle-market industrial and consumer businesses, employing a similar long-duration, buy-build-hold approach as Stone Canyon Industries.

Broad incumbents

• Brookfield Asset Management: Alternative asset manager with deep industrial and infrastructure holdings; operates at the same scale as Stone Canyon and pursues long-duration capital deployments across industrial sectors.
• Berkshire Hathaway: Iconic diversified holding company with industrial, consumer, and infrastructure subsidiaries employing a long-term buy-and-hold philosophy that broadly parallels Stone Canyan's strategy at much greater scale.
• Carlyle Group: Large global private equity firm with significant industrial sector investments and operating capabilities, serving as a broad incumbent competitor for industrial platform deals of Stone Canyon's size.
• KKR & Co. Global alternative asset manager with substantial industrial private equity operations; competes for large industrial acquisitions like Stone Canyon's and operates as a broad incumbent in the same acquisition universe.
• Invesco (WL Ross / Invesco Private Equity): Global asset manager with private equity capabilities focused on industrial restructurings and special situations, competing in the same industrial acquisition market segments as Stone Canyon.
• Apollo Global Management: Major alternative asset manager that has provided debt financing to Stone Canyon and competes broadly for industrial buyout opportunities, making it both a capital provider and comparable incumbent.

Others

• Leucadia National Corporation (now part of Jefferies Financial Group): Historically operated as a diversified holding company with industrial and consumer subsidiaries using a long-term holding approach similar to Stone Canyon's, providing a historic comp for the holding company model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/stone-canyon-industries

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stone Canyon Industries