GlacierPoint Enterprises Acquires Marina Ice Cream Corp.

Marina Ice Cream Enters Next Phase of Growth as Part of the GlacierPoint Platform

THE BRONX, N.Y.--(BUSINESS WIRE)--GlacierPoint Enterprises, Inc. (“GlacierPoint”), a portfolio company of Mill Point Capital LLC (“Mill Point”) and parent company of E&M Logistics, Jack & Jill, Panza & Sons, Gillette Creamery and Southern Ice Cream, announced today that it has acquired Marina Ice Cream Corp. (“Marina”), a full-service direct store delivery (“DSD”) distributor of ice cream and other food & beverage products in the New York Metro area.

“The addition of Marina to the GlacierPoint platform is truly transformative, providing a new and highly complementary product portfolio to GlacierPoint’s existing New York Metro area footprint. We are now positioned to further elevate our exceptional level of both customer service and vendor loyalty, the hallmarks of GlacierPoint’s operating philosophy,” commented Jim Schubauer, CEO and Executive Chairman of GlacierPoint.

Mike Barone, Sr. added, “By combining Marina’s and GlacierPoint’s resources and expertise, I am extremely confident the platform will significantly enhance their efficiency in serving customers throughout its New York Metro area footprint. My entire family is excited about the combination and the future under GlacierPoint’s ownership.”

“The Barones have built a great business that is highly regarded throughout the DSD industry. We are excited to add Marina to the GlacierPoint network as we continue to expand the scope of the business ,” said Mark Paolano, Partner of Mill Point.

About Marina Ice Cream Corp.

Founded in 1983 and headquartered in Queens, New York, Marina serves as the exclusive DSD distributor of Unilever ice cream and frozen products as well as other brands such as Breyer’s, Perry’s and Turkey Hill, among others. Marina’s customers consist of grocery store chains, independent supermarkets, delis, drugstores, convenience store chains and foodservice customers.

About GlacierPoint Enterprises

Headquartered in The Bronx, NY, GlacierPoint is a leader in DSD Distribution, serving as the exclusive DSD distributor of Dreyer’s Grand Ice Cream and Unilever Ice Cream, featuring brands such as Häagen-Dazs, Ben & Jerry’s and Nestlé Ice Cream. In addition to ice cream, GlacierPoint also distributes a variety of fresh and frozen products, servicing a territory that spans from South Carolina to the U.S./Canadian border. GlacierPoint distributes to a broad customer base comprised of grocery store chains, independent supermarkets, delis, drugstores, convenience store chains and foodservice customers. GlacierPoint is recognized as a leading distribution partner to suppliers and retailers with an extensive history of dependability, reliability and consistency. For further information, please visit www.glacierpointenterprises.com.

About Mill Point Capital

Mill Point is an operationally-oriented private equity firm targeting control investments in lower-middle market companies, with a focus on business services, IT services and industrials sectors in North America. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.