CHICAGO – Highlander Partners, L.P. has acquired Juice Tyme, Inc., a Chicago-based provider of shelf-stable, bag-in-box juice and beverage concentrates that primarily serves the food service industry.
“Juice Tyme is an exceptional company with incredible potential for future growth,” said Alex Guiva, a partner at Highlander Partners, a Dallas-based private investment firm, and chairman of Juice Tyme. “We will leverage Highlander’s hospitality and food industry expertise to focus on the company’s sales strategy and market penetration.
“In addition to organic growth efforts, we will actively seek juice, concentrate and beverage acquisition opportunities to expand Juice Tyme’s offerings in the food service market and beyond.”
Encore Consumer Capital, a private equity firm based in San Francisco, previously owned Juice Tyme, which will continue to operate under its existing name and operating structure with its current management team. Philip Scott will remain as president and chief executive officer.