Jun 30, 2022

The strategic combination further strengthens GlacierPoint’s focus on exceptional customer service and continues the expansion of the platform’s distribution footprint. June 30, 2022 09:49 AM Eastern Daylight Time THE BRONX, N.Y.--( BUSINESS WIRE )--GlacierPoint Enterprises, Inc. (“GlacierPoint”), a portfolio company of Mill Point Capital LLC (“Mill Point”) and the parent company of E&M Logistics, Jack & Jill, A. Panza & Sons and Gillette Creamery, announced today that it has acquired Southern Ice Cream and Gourmet Foods (“Southern”), a full-service distributor of ice cream and related products throughout the Carolinas. The GlacierPoint and Southern partnership expands the combined company’s geographic footprint, now extending from South Carolina north to the U.S./Canadian border. The consolidated resources and capabilities of GlacierPoint and Southern provide a unique opportunity to deliver a level of customer service and care that is targeted to exceed current industry norms. Kim and Chance DelCastillo, second-generation owners of Southern, will continue in a senior advisory capacity, while Bailey Jordan, General Manager at Southern, will lead the operations as President of the newly formed GlacierPoint Carolinas division in conjunction with the existing senior leadership team of GlacierPoint. “The establishment of the Carolinas division is a momentous landmark for GlacierPoint in our efforts to further elevate customer and supplier relationships over a rapidly expanding service territory. Underpinned by the strength and depth of the foundation built by Kim and Chance, the addition of the Carolinas division stands as our latest extension of GlacierPoint’s unwavering commitment and dedication to the flawless execution of our business model,” commented Jim Schubauer, CEO and Executive Chairman of GlacierPoint. Kim DelCastillo added, “Since our founding in 1978, we’ve prided ourselves in conducting business under the same core principle of exceptional customer service embodied by what we immediately saw in GlacierPoint. Chance and I felt the opportunity to join such an exciting story and share in the development of that vision with the rest of the GlacierPoint team is an incredible opportunity for us and we look forward to helping build this tremendous platform.” About Southern Ice Cream and Gourmet Foods Southern is a full-service distributor of ice cream and related products to grocery stores, convenience stores, pharmacies and scoop shops, mainly operating in North and South Carolina. Southern primarily distributes Nestlé ice cream and frozen products, as well as Wells ice cream (Blue Bunny), Mars, Tropicale and other frozen and fresh products. Southern is a second-generation family-owned business with over 45 years of operating history and is based in Charlotte, NC. About GlacierPoint Enterprises Headquartered in The Bronx, NY, GlacierPoint is a leader in Direct Store Delivery (“DSD”) distribution, serving as the exclusive DSD distributor of Nestlé products, Häagen-Dazs and Unilever ice cream, as well as other fresh and frozen products, spanning the New York Metro area through the Mid-Atlantic region. 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 more information, please visit www.glacierpointenterprises.com . About Mill Point Capital Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the business services, IT services and industrials sectors. 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 . Contacts