New Water invests in frozen food R&D innovator
The Perfect Bite develops a number of frozen snacks and appetizers for grocery and club stores nationwide.
New Water Capital L.P., a Boca Raton, Fla.-based private equity firm, made a growth capital investment in The Perfect Bite Co., Glendale, Calif.
The Perfect Bite develops a number of frozen snacks and appetizers for grocery and club stores nationwide, as well as airlines and other hospitality companies.
The Perfect Bite’s continued focus on growing its brand, along with its ability to create innovative, high-quality products to help strengthen private label products made it an attractive partnership for New Water.
“The Perfect Bite stands out in an industry that is experiencing significant tailwinds, driven by customer demand for innovative product and greater supply chain flexibility that coincides with a consumer shift toward private label brands,” says Jason Neimark, partner at New Water Capital. “We look forward to partnering with The Perfect Bite, as the company continues to scale and expand its capabilities to continue to meet demand in this high-growth category.”
“Our partnership with New Water will provide capital and extensive operational experience in frozen foods R&D and manufacturing for The Perfect Bite Co. to continue its growth trajectory,” adds Teri Valentine, president and CEO of The Perfect Bite. “We look forward to working with them to realize our company’s full potential as we expand our team.”