USA: Castillo Hermanos to acquire Harvest Hill Beverage Company

Castillo Hermanos, a diversified multinational business group, has announced that it has entered into a definitive agreement with private equity firm Brynwood Partners to acquire Harvest Hill Beverage Company, a leading USA-based beverage company.

Harvest Hill was founded by Brynwood VII in July 2014 with the acquisition of Juicy Juice from Nestle USA. Its brand portfolio includes SunnyD, Fruit2O, Veryfine, Little HUG, Nutrament and Daily’s Cocktails, and the company operates six manufacturing sites in the U.S.

Commenting on the move, Castillo Hermanos CEO Roberto Lara said: “This is a key moment in our history as we set out to meaningfully expand our reach into the U.S. Our trusted and iconic brands, combined with Harvest Hill’s, offer a compelling product assortment to cater to diverse consumer needs”.

Harvest Hill president and CEO Robert Mortati said: “Founded on similar values and principles based on respect, quality, innovation, and customer and consumer centricity, Castillo Hermanos’ and Harvest Hill’s strategic visions are aligned. Together, we will be able to scale our businesses, enhancing the presence of our brands across the beverage marketplace”.

The transaction is subject to customary closing conditions, including regulatory approvals. Terms of the transaction were not disclosed.

Source: Castillo Hermanos (via PR Newswire) / Brynwood Partners