Brynwood Partners has reached an agreement to sell Harvest Hill Beverage Company to Castillo Hermanos, with Centerview Capital also investing in the deal. While the terms remain undisclosed, the acquisition is contingent on regulatory approval and standard closing conditions.
Harvest Hill, which Brynwood established in 2014 after acquiring Juicy Juice from Nestlé USA, has grown through a series of strategic acquisitions. These include American Beverage Corporation, Sunny Delight Beverages, and Nutrament. The company’s diverse portfolio spans several beverage categories, including family brands like Juicy Juice and SunnyD, alongside adult beverage lines such as Daily’s and SunnyD Vodka Seltzer. The company operates six U.S. production facilities and enjoys widespread distribution across major retail networks.
Castillo Hermanos, a beverage giant with over 139 years in the market, expands its U.S. operations through this acquisition. The company, established in over 30 countries, owns brands such as Gallo Beer and Del Frutal. This acquisition positions Castillo Hermanos for further growth in the competitive U.S. market.
This marks the largest deal in Brynwood Partners’ 40-year history. The firm is currently focused on investments through its latest fund, Brynwood Partners IX L.P., which closed in 2023 with $750 million in capital. The firm has also invested in West Madison Foods, Miracapo Food Company, and Hometown Food Company.