Blue Point Capital Acquires Asian Appetizer Maker Water Lilies Food
Blue Point Capital has acquired Water Lilies Food, LLC, a portfolio company of AUA Private Equity Partners, with global investment bank Harris Williams advising Water Lilies on the sale.
Water Lilies is a manufacturer of frozen Asian appetizers that are primarily sold through supermarkets, restaurants and ethnic markets.
“Water Lilies is the go-to Asian appetizer supplier for retailers, brands, and foodservice operators and has achieved impressive growth through its consistent innovation and focus on quality,” said Brant Cash, a managing director at Harris Williams. “The company experienced a tremendous amount of success during its partnership with AUA Private Equity, and we look forward to its next chapter of growth with Blue Point.”
“We continue to see a high degree of interest in value-added manufacturing platforms from both strategic buyers and financial sponsors,” said Brant Wilczek, a director at Harris Williams. “Water Lilies’ unique ability to develop premium, innovative products combined with its scale and manufacturing flexibility provides the company with tremendous runway for future growth in a category experiencing significant momentum driven by consumer demand.”
Based in Bay Shore, N.Y., Water Lilies is a manufacturer and provider of premium, inspired Asian cuisine for major retailers, private label, consumer brands and foodservice operators. Founded in 1995 with a commitment to food safety, quality and innovation, the company has established itself as a preferred partner to its customers across a variety of authentic, inspired products, with a particular focus on frozen appetizers such as egg rolls, spring rolls, potstickers, and dumplings.
AUA Private Equity is a West Palm Beach, Fla.-based, operationally focused, lower-middle market investment firm providing strategic capital to companies in the consumer products and services sectors with a particular focus on family-owned businesses. AUA Private Equity typically makes equity investments of $20 million to $75 million in companies that generate in excess of $5 million in EBITDA.
Blue Point is a private equity firm managing over $1.5 billion in committed capital. With offices in Cleveland; Charlotte, N.C.; Seattle; and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower-middle market businesses to build processes and capabilities to achieve dramatic growth. The firm focuses on opportunities where it can leverage its collective experience, extensive network of operating resources, and focused add-on acquisition efforts as well as its unique toolkit, which includes supply chain/Asian capabilities, improved digital marketing or data strategies, and talent acquisition and diversification efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc.
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Oscar Mayer Debuts ‘Cold Dog’ Frozen Pop
Oscar Mayer has debuted the first “Cold Dog,” a bun-derfully odd and surprisingly delicious frozen pop flavored like the beloved Oscar Mayer wiener.
Stemming from Oscar Mayer’s “Stupid or Genius” campaign – focused on all the wonderfully odd ways to enjoy the iconic wiener beyond grilling – the Cold Dog sparked a sizzling social media debate. While a cold hot dog may be polarizing, tens of thousands of fans relished the idea of a hot dog-flavored frozen pop and crowned the Cold Dog “genius,” so the brand made it a reality.
Oscar Mayer, a Kraft Heinz Company brand, is teaming up with Popbar, a premium frozen desserts company known for handcrafted gelato on-a-stick to create the Cold Dog, boasting both refreshing and smokey, umami notes of Oscar Mayer’s iconic wiener – all topped with a signature swirl of “mustard.”
Now available for just $2 at select Popbar locations, hot dog lovers can taste the frank-tastic new invention in Long Beach, New York City, Alpharetta-Atlanta and New Orleans while supplies last.
“After the overwhelming fan excitement for our beloved Cold Dog, it was a no-brainer to make this hot dog-inspired frozen pop a reality,” said Anne Field, Head of North American Brand Communications, Oscar Mayer. “For more than 130 years, Oscar Mayer has been sparking smiles and bringing levity into everyday moments, and we are thrilled to bring fans another wonderfully odd way to enjoy our iconic wiener while beating the summer heat.”
Oscar Mayer’s iconic 27-foot hot dog on wheels dons an icy makeover to sample Cold Dogs. Fittingly outfitted as a frozen pop truck, the Wienermobile features frosted windows, icicle-inspired decorations and more as it travels the hot dog highways to popular summertime destinations in NYC and the Jersey Shore now through August 27.
For more information and where to meat-up with the Wienermobile this week, visit OscarMayer.com and Oscar Mayer on Instagram.
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Johnsonville Pitches Sausage-Packed Fun for SuperHole III
It’s SuperHole time – when untold numbers of cornhole fans schedule their lives around televised pro-am competitions. For the uninitiated, it’s up to SuperHole III now.
Johnsonville, the official sponsor of the American Cornhole League, has created a collection of limited-edition advertisement spots that will run in broadcast and digital, an impressive roster of air- mailing sausage ambassadors like Chad “Ochocinco” Johnson and Jennie Finch, a cornhole watch-party Pinterest board and hilarious sausage-centric swag.
“There is no doubt that this year’s SuperHole event will be the must-see event of year,” said Jamie Schmelzer, senior director of strategic growth at Johnsonville. “Being a CPG brand, we’re fully aware that American consumers inescapably link the Big Game with great advertising, creative recipes, top entertainment, media moments and watch parties.”
Schmelzer said Johnsonville has a terrific partnership with the ACL and the first two years of its pro-am versions of cornhole competitions (SuperHole) have become so popular with more celebrities and athletes playing and fans engaging.
“So, while the ACL produces their own version of the Big Game, we thought there should be some fun, sausage-y elements to enhance SuperHole weekend. The ACL team agreed, and we’ve had a blast putting this together. The fans should get a kick out of how we’ve spiced up the line-up to make it bigger and better than ever – from parodying some nostalgic ad spots to this crazy sausage-tunnel for all the players to run through – it’s going to be a lot of fun!”
With a laundry list of sizzling entertainment planned for the two live SuperHole broadcasts on ESPN2, Johnsonville and the ACL will leave viewers with just one question on the big day – “Why isn’t this a primetime broadcast all year!?”. Sausage fans will rejoice as “John. Son. Ville” makes its debut, the ACL creates their first-ever SuperHole ad and cornhole legends are born as athletes look to serve up and cement their sausage-tunnel runs in history and claim the first-ever WS Moore SuperHole Trophy, presented by Johnsonville.
The ACL SuperHole III will be broadcast live on ESPN2: The Ocho this Friday, August 5, with the quarterfinals airing from 4-5 p.m. ET and finals from 8-9 p.m. ET. First-time viewers and cornhole enthusiasts are encouraged to tune-in and serve up Johnsonville sausage in their watch- party spreads to celebrate what will be the biggest SuperHole event to date.
The complete line-up of Johnsonville experiences for SuperHole III includes:
• Chad “Ochocinco” Johnson will host his watch party live from his Instagram account, during ESPN’s “Ocho Day” on Aug. 5
• Johnsonville parody spots:
• ACL’s first SuperHole ad
• Sausage tunnel runs: Watch the 16 SuperHole and ACL players take the court in style
• Rapper and entertainer Flavor Flav will emcee both SuperHole III broadcasts
• The Johnsonville SuperHole Halftime Show will feature a live performance from singer-writer Ben Rector
• Cornhole audience members will don one-of-a-kind HoleHead hats and Johnsonville grill hats
• Presentation of the first-ever WS Moore SuperHole trophy to the SuperHole champions
The SuperHole Championship lineup includes:
• Retired NFL quarterback Doug Flutie and Matt Guy
• Retired NFL quarterback Jay Cutler and Jay Rubin
• Actor Mike “The Situation” Sorrentino and Jacob Trzcienski
• UFC competitor Chris Weidman and Jimmy McGuffin
• University of S Carolina women’s head coach Dawn Staley and Mark Richards
• Singer/Songwriter Ben Rector and Jimmy Youmans
• Retired NFL running back Terry Kirby and Rosie Streker
• ESPN Broadcaster Marty Smith and Ryan Smith
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