The Wall Street Journal, Law360, Reuters, Food Business News and Just Drinks reported that Castillo Hermanos, a family-owned Guatemalan company, has entered into an agreement to acquire Harvest Hill Beverage Company from private-equity firm Brynwood Partners in a deal valued at approximately $1.5 billion. Harvest Hill, known for producing and marketing popular beverage brands such as SunnyD®, Juicy Juice®, and Little HUG®, is a leading player in the U.S. beverage market, operating six manufacturing facilities nationwide. As part of the transaction, Castillo will absorb all 1,000 Harvest Hill employees, including the company’s leadership team. Olshan Frome Wolosky LLP corporate partner Ken Silverman and employment practices partner Michael Passarella represented Harvest Hill President & CEO Robert Mortati and other Harvest Hill executive officers in connection with the transaction. Client Robert Mortati commented “We could not be more excited to build our future with Castillo Hermanos.” #OlshanLaw #CorporateLaw #EmploymentLaw https://lnkd.in/eXiKaDnv
