Harvest Hill Beverage Co., backed by private equity firm Brynwood Partners VII L.P., is buying the Nutrament business from Nestle Healthcare Nutrition Inc. for an undisclosed amount. The deal, expected to close by year-end 2016, is Harvest Hill’s fourth acquisition since inception.
Nutrament, founded in the 1960s, manufactures dairy-based energy drinks sold primarily to customers throughout the U.S. in the east coast, Canada and the Caribbean Islands. The target’s position in critical urban markets will benefit Harvest Hill’s brand portfolio, according to Brynwood CEO Hendrik Hartong III. Nutrament distributes seven flavors: banana, chocolate, coconut, mango, eggnog, strawberry and vanilla.