New Carbon is the leading supplier of waffle mix to independent and chain restaurants, hotels, resorts, colleges, and other foodservice channels. The company pioneered The Waffle Program, whereby customers are provided a complementary waffle iron and subsequent maintenance in exchange for an agreement to purchase mix exclusively from New Carbon. The company maintains long-standing relationships with many of the largest restaurant and hospitality brands, and serves over 40,000 customers in over 60 countries worldwide.
In this specific transaction, capital was used to consolidate multiple distribution entities, creating strong operational synergies. Accurent realized a significant return on equity within a 24 month investment horizon upon exit to a large strategic acquirer.
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