AUA Private Equity-backed Associated Foods appoints new CEO

Associated Foods Holdings LLC, a portfolio company of AUA Private Equity Partners, has named Bob Striano as its new CEO, president and executive chairman. Previously, Striano worked at Kozy Shack Enterprises Inc where he was the CEO. He is also a former executive at Procter & Gamble. Based in the New York metropolitan area, Associated is a distributor of grocery products to independent retail supermarkets.

PRESS RELEASE

NEW YORK, NY – December 10, 2015 – AUA Private Equity Partners, LLC (“AUA Private Equity”), is pleased to announce the appointment of Bob Striano as the new Chief Executive Officer, President and Executive Chairman of Associated Foods Holdings, LLC (“Associated Foods”). Mr. Striano brings a distinguished 25 year career in business management with significant consumer and food experience having previously served as the Chief Executive Officer of Kozy Shack Enterprises Incorporated, and as a former executive with The Procter & Gamble Company.

Bob Striano stated, “I look forward to leading the team at Associated Foods and working closely with our customers to further expand our retail service offering and support our customers’ incredible success.” Andy Unanue, Managing Partner of AUA Private Equity and Chairman of the Board of Associated commented, “We are very excited to have Bob Striano continue to lead our senior management at Associated Foods, and to leverage his expertise and proven successes to help us build the leading independent supermarket company in the Northeast.”

Mr. Striano served as the President and Chief Executive Officer of Kozy Shack Enterprises, one of the largest manufacturers and distributors of puddings, and refrigerated desserts, where he was integral in leading the successful sale of the company to Land O’Lakes in August 2012. His leadership skills and expertise have been profoundly developed in previous roles held at Minolta North America, Lipman USA, Konica, and Sony Electronics. Mr. Striano also spent over 10 years in a variety of sales and marketing positions with The Procter & Gamble Company.

Additionally, Mr. Striano will continue his role on the AUA Private Equity’s Operating Executive Board, which he joined in August of this year.

Steven Flyer, Partner of AUA Private Equity and Board member of Associated added, “We continue to identify top managers to lead our portfolio companies. Bob Striano brings a strong record of success and proven leadership and we are pleased to have him lead Associated Foods and work closely with our customers to develop a more customer centric approach.”

About Associated Foods Holdings, LLC
Established more than 50 years ago, Associated is a specialty distributor of food and grocery products to over 300 independent grocery retail stores in the New York metropolitan area. The Company licenses its “Associated”, “Compare”, “Met Foods”, “Pioneer”, “MetFresh” and “Metropolitan Citymarkets” proprietary trade names to independent grocery store owners and provides services in the form of grocery distribution, promotions, advertising, financing, and customer support.

About AUA Private Equity
AUA Private Equity Partners, LLC is a New York-based, operationally-focused, lower middle-market private equity firm providing strategic capital to companies in the consumer, media, and business services sectors, with a particular focus on family-owned businesses and companies benefiting from the growth of the U.S. Hispanic population in the United States. AUA Equity makes equity investments of $10 to $50 million in companies that generate in excess of $3 million in EBITDA. For more information on AUA Equity, visit www.auaequity.com.