New Water Capital affiliate acquires lid manufacturer LidWorks

An affiliate of U.S. private equity firm New Water Capital Partners has acquired family-owned LidWorks, which has manufactured custom lids for food, beverage, and specialty applications since 1985. LidWorks operates a facility in Plant City, Florida, with annual production exceeding 2 billion lids. Its customers include national fast-food chains, convenience store brands, and packaging distributors. New Water said it will continue to drive growth through capacity expansion and targeted acquisitions.