- LidWorks manufactures more than two billion lids per year and has recently posted double-digit growth
- The company’s flexible production platform allows extensive customization at competitive prices for its customers
- New Water plans to invest in additional capacity and pursue targeted M&A to expand LidWorks’ capabilities
New Water Capital has acquired LidWorks, a family-owned designer and manufacturer of custom food, beverage and specialty lids.
Founded in 1985, LidWorks has built a reputation for quality, reliability and innovation, offering a range of foodservice lids for hot and cold applications. The company serves major quick-serve restaurant and convenience store brands, as well as leading foodservice packaging manufacturers and distributors. LidWorks operates facilities in Plant City, Florida, where it manufactures more than two billion lids per year, supporting sustained double-digit growth, according to the release. Its flexible production platform provides extensive customization options at competitive prices and enables close collaboration with clients on tailored product development.
“LidWorks represents exactly the type of business we seek to invest behind; it fits squarely within our long-standing commitment to the food & beverage and packaging sectors,” said Nicholas LaRosa, vice president at New Water. “We’re proud to partner with Ugo and the LidWorks management team to build on the strong foundation they’ve established. Looking ahead, we’ll continue to drive growth through investments in additional capacity and targeted M&A, with the goal of broadening the company’s capabilities and better serving our customers.”
Stout served as financial advisor and Reed Smith served as legal advisor to New Water. PMCF Investment Banking served as exclusive financial advisor to LidWorks.
New Water Capital is a private equity firm focused on lower-middle-market B2B manufacturing and distribution companies in the industrials, industrial tech, food & beverage, niche engineered products and packaging industries.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.