Centerview Capital invests as a strategic partner, helping build U.S. beverage business Castillo Hermanos, a diversified multinational business group, announced it has entered into a definitive agreement with Brynwood Partners…

Centerview Capital invests as a strategic partner, helping build U.S. beverage business

Castillo Hermanos, a diversified multinational business group, announced it has entered into a definitive agreement with Brynwood Partners to acquire Harvest Hill Beverage Company, a leading beverage products player in the United States, with brands such as SunnyD, Juicy Juice and Little HUG

The acquisition of Harvest Hill by Castillo Hermanos, a family-owned company founded in 1886, significantly expands its U.S. presence and provides a platform to grow its existing U.S. business unit. Castillo Hermanos is partnering with private investment firm Centerview Capital, which has provided a significant investment and will be a strategic partner to help grow the U.S. beverage business.

With over 139 years of operating expertise, Castillo Hermanos has a solid track record in over 35 countries, where it continues to captivate consumers across its brands, including Gallo Beer (known as Famosa Beer in the U.S.), as well as Del Frutal and Raptor Energy Drink. It is also the leading cereal producer in Central America.

Juan Monge Calderón, Chairman of Castillo Hermanos, stated, “In recent years, the company has been working to open itself to the world and bring to life our goal to create global brands that ensure sustained growth and continue to strengthen our leadership. This acquisition marks a milestone in our history. We welcome the leadership team of Harvest Hill that will join our team and are confident that, together, we will continue to captivate consumers and create world-renowned brands.”