Friday, November 28th4.2°C
24302
24058

Private equity firm buys Juicy Juice brands from Nestle USA for undisclosed amount

GREENWICH, Conn. - A private equity fund has purchased the Juicy Juice brand from Nestle USA.

Financial terms were not disclosed.

The buyer is Brynwood Partners VII LP which said Wednesday that it plans to leverage the 37-year-old brand's nutritional attributes and make changes to its packaging. Juicy Juice is in the 100 per cent juice category.

Brynwood Partners said that Juicy Juice was acquired by its newly created portfolio company, Harvest Hill Beverage Co., which will be based in Stamford, Connecticut.

This is Brynwood Partners' third acquisition from Nestle USA in the past 14 months, with others including Joseph's Gourmet Pasta Co. Pearson Candy Co., a portfolio company of Brynwood Partners VI, bought the Bit-O-Honey brand from Nestle USA last year.

Brynwood Partners has an established presence in the food sector, with previous investments including Balance Bar Co., Lincoln Snacks Co., Signature Snacks Co., DeMet's Candy Co., Sun Country Foods Inc. and Richelieu Foods Inc.

Brynwood Partners has completed six acquisitions with Nestle USA in total. The company has acquired 41 corporate brands from 15 different companies in its 30-year history.

The Canadian Press


Read more Business News

22970


Recent Trending




Today's Market
S&P TSX14922.44-115.97
S&P CDNX755.45-15.61
DJIA17827.7512.81
Nasdaq4787.317+29.065
S&P 5002072.83+5.80
CDN Dollar0.8786-0.0031
Gold1183.90-12.70
Oil68.59-5.10
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.15-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.340.00
Cantex0.04-0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.04+0.005
Russel Metals30.70-0.80
Copper Mountain Mining2.12-0.04
Colorado Resources0.13+0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.32-0.02

 
24130


22899

FEATURED Property
2107501Brand New West Coast Modern style home in Lower Mission
$939,000
more details
Click here to feature your property
Please wait... loading


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...

_



24231

24156


Member of BC Press Council


24018