Harvest Hill Beverage Acquired by Castillo Hermanos for $1.5 Billion
Deal News | Apr 04, 2025 | Olshan Frome Wolosky LLP
Castillo Hermanos, a prominent family-owned company from Guatemala, has agreed to acquire Harvest Hill Beverage Company from Brynwood Partners in a transaction valued at approximately $1.5 billion. This acquisition signifies Castillo Hermanos' strategic expansion into the U.S. beverage market. Harvest Hill, recognized for its popular brands including SunnyD and Juicy Juice, operates six manufacturing facilities across the country and employs approximately 1,000 staff. Under the terms of the deal, all employees and the leadership team at Harvest Hill will transition to Castillo Hermanos. Legal and employment advice for Harvest Hill during this transaction was provided by Olshan Frome Wolosky LLP, with partners Kenneth Silverman and Michael Passarella playing key roles. Robert Mortati, President & CEO of Harvest Hill, expressed enthusiasm about the future synergies with Castillo Hermanos.
Sectors
- Beverage Manufacturing
- Private Equity
Geography
- United States – Harvest Hill Beverage Company operates within the U.S., and the acquisition affects its nationwide facilities and workforce.
- Guatemala – Castillo Hermanos, the acquiring company, is based in Guatemala, marking a cross-border acquisition.
Industry
- Beverage Manufacturing – Harvest Hill Beverage Company is a significant player in the U.S. beverage manufacturing sector, with well-known brands and multiple production facilities.
- Private Equity – Brynwood Partners, a private equity firm, is the vendor in this sale, highlighting its role in investment and divestment strategies within the beverage industry.
Financials
- $1.5 Billion – The total value of the transaction for Castillo Hermanos to acquire Harvest Hill.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Harvest Hill Beverage Company | Target | Company | A leading U.S. beverage company known for brands like SunnyD and Juicy Juice. |
| Brynwood Partners | Selling Company | Company | A private-equity firm that owns Harvest Hill Beverage Company. |
| Castillo Hermanos | Bidding Company | Company | A family-owned company in Guatemala acquiring Harvest Hill. |
| Olshan Frome Wolosky LLP | Legal Advisor | Company | Provided legal and employment advice to Harvest Hill in the acquisition. |
| Kenneth Silverman | Advisor | Person | A corporate partner at Olshan Frome Wolosky LLP advising on the transaction. |
| Michael Passarella | Advisor | Person | An employment practices partner at Olshan Frome Wolosky LLP advising on the transaction. |
| Robert Mortati | President & CEO of Harvest Hill | Person | Overseeing Harvest Hill's transition in the acquisition. |