Private equity firm Brynwood Partners has competed its sale of Harvest Hill, the US beverage company behind brands including as SunnyD, to Guatemalan conglomerate Castillo Hermanos, according to a report by Bloomberg.
The deal was completed following a framework trade agreement between the US and Guatemala aimed at easing tariffs on certain food and beverage imports.
Harvest Hill was originally built as a platform Brynwood Partners in 2014, beginning with the purchase of Juicy Juice from Nestlé USA, with the PE firm then adding eight additional beverage brands, including Daily’s Cocktails and the energy drink Nutrament, demonstrating a clear value creation strategy through roll-up consolidation.
The company operates six US factories and employs thousands of people, making it a significant player in the American beverage market.
Founded in 1886, Castillo Hermanos is a family-owned Central American company with a broad portfolio spanning food and beverage products, including the Famosa beer brand. The acquisition of Harvest Hill positions Castillo Hermanos to expand its footprint in the US market while leveraging the operational and brand-building expertise developed under Brynwood’s stewardship.
