Minnesota, US based beverage maker Cold Spring Brewing has been acquired by Brynwood Partners, as the private equity firm further expands its portfolio of consumer brands.
Founded in 1874, Cold Spring Brewing produces non-alcoholic and alcoholic beverages and beer for other companies’ brands and retailer private labels, as well as brewing beer under their own brand. The company employs about 350 workers and records annual sales of more than $60 million.
“We are pleased to announce the acquisition of Cold Spring […]”, said Henk Hartong III, chairman and CEO of Brynwood Partners. “While Cold Spring will be operated as a standalone company, we believe it will benefit greatly from the scale and national distribution and manufacturing foot print of Brynwood Partners’ Harvest Hill Beverage Company investment. We look forward to working collaboratively with Cold Spring’s management team to grow the business”.
Source: Brynwood Partners