New Water Capital Acquires LidWorks, Custom Foodservice Lids Manufacturer
An affiliate of New Water Capital Partners has acquired LidWorks, a family-owned manufacturer and designer of custom foodservice lids. Founded in 1985, LidWorks is known for its quality, reliability, and innovation, serving major quick-serve restaurant chains, convenience stores, and leading packaging manufacturers with over two billion lids produced annually from its Plant City, Florida facility. New Water Capital emphasized that the acquisition aligns with their focus on B2B manufacturing in food & beverage and packaging sectors. Nicholas LaRosa of New Water stated they plan to expand LidWorks through capacity investments and targeted M&A. Ugo Mazzarolo, President of LidWorks, expressed confidence in leveraging additional resources for growth. Stout served as financial advisor to New Water while PMCF Investment Banking advised LidWorks on the transaction.
Topics: acquisition food & beverage packaging industry private equity