Castillo Hermanos expands its presence in the United States through the acquisition of Harvest Hill, with the strategic backing of Citi
Central America- With he accompaniment strategic from Citi, Castle Siblings signed a agreement with Brynwood Partners for acquire Harvest Hill, manufacturer and distributor of drinks emblematic in States Joined, as are SunnyD and Juicy Juice. In this operation also Centerview participated Capital as an investor for boost the expansion of the unit of drinks of Castillo Brothers.
"Us we are sorry proud of have accompanied to Castle Siblings in this transaction that strengthens his presence international. Citi acted as adviser financial exclusive of Castle Siblings and as he structurer financing for the acquisition. This demonstrates he worth of our grid global and experience local for connect opportunities, structure solutions financial and support to our customers in their plans of expansion in others “markets , ” he commented July Álvarez, Director General Manager of Citi.
The acquisition incorporates brands leaders, scalable and complementary to the portfolio of drinks of Castle Siblings, providing access immediate to the main channels of retail of the market United States.
The transaction also facilitates the distribution of the brands of Castle .
Siblings, responding of this manner to the demand nostalgic of the consumer Hispanic in States Joined.
Founded In 1886, Castillo Brothers is a company familiar leader in products of consumption in America Central and he Caribbean, with presence in further of 35 countries and a portfolio of further of 75 brands, between They from Fruit, Raptor and Gallo Beer (known as Famous Beer in USA.), Harvest Hill, by his part, was formed in 2014 after the acquisition of the brand Juicy Juice® to Nestlé, and since then ha continued with his growing in he market United States with the
acquisitions of brands as HUG® and SunnyD®, it which ha strengthened his National Network of production and channels of distribution.
About Citi
Citi is a partner banking preeminent for institutions with cross-border needs , a leader global in management patrimonial and a bank of services to the consumer valued in his market of origin, the States Joined. Citi conducts business in further of 180 countries and jurisdictions, and provides to corporations, governments, investors, institutions and people a wide range of products and services financial.
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