GREENWICH, CONN. — Brynwood Partners has acquired the Carolina Beverage Group L.L.C., Mooresville, N.C., from SunTx Capital Partners, a private equity firm based in Dallas. Terms of the transaction were not disclosed.
The Carolina Beverage Group is a contract manufacturer that processes malt beverages, distilled spirits, energy drinks, teas, functional drinks and ready-to-drink beverages. The company has manufacturing plants in Mooresville, and Fort Worth, Texas.
Carolina Beverage Group will be merged with Cold Spring Brewing Co., another Brynwood investment that is also a contract beverage manufacturer. The company has a manufacturing plant in Cold Spring, Minn.
Once the transaction is complete the new company will keep the Carolina Beverage Group name and be headquartered in Charlotte, N.C.
“We are excited about the opportunity to create a company with a significant manufacturing footprint in the value-added beverage space that will strengthen our ability to service both national branded and retail customers with innovative products in flexible packaging solutions,” said Henk Hartong III, chairman and chief executive officer of Brynwood Partners. “Value-added manufacturing is an important sector and an area that Brynwood continues to make significant investments in.”