Wednesday, August 27th28.2°C
22663

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

21337


Recent Trending




Today's Market
S&P TSX15570.14-49.07
S&P CDNX1017.742.38
DJIA17114.667.96
Nasdaq4569.799-0.838
S&P 5001998.93-1.09
CDN Dollar0.9222+0.0093
Gold1281.70-2.1001
Oil93.87+0.01
Lumber347.10-2.10
Natural Gas3.955+0.044

 
Okanagan Companies
Pacific Safety0.19+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.18-0.01
Cantex0.07+0.005
Anavex Life Sciences0.250.00
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining3.02-0.01
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01

 



22625

FEATURED Property
20242523515 Glen Eagles Drive
3 bedrooms 3 baths
$449,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_








Member of BC Press Council


22707