Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce our client Nor-Cal Beverage, one of the largest co-packers of teas, isotonics, chilled juices, waters, and energy drinks west of the Mississippi, intends to be acquired by Manna Beverages & Ventures, an affiliate of Manna Capital Partners which specializes in the beverage industry (view company’s announcement).
The acquisition will allow Manna Beverages & Ventures to expand Nor-Cal Beverage Company’s existing resources, tools, and opportunities to continue delivering the highest quality of beverages for world-class brand owners. Terms of the deal were not disclosed. The arrangement is subject to normal and customary approvals.
“We are pleased to soon see the positive impact that this impending transaction will have on our employees and customers,” said Shannon Deary-Bell, Nor-Cal Beverage Company President and CEO. “We will continue providing our brands with the best products while expanding opportunity, capability, and resources for our employees and customers. We have been working with Cascadia to prepare for this and their understanding of the contract manufacturing landscape proved invaluable, I am proud to see how this acquisition will change the trajectory of this business.”
“We are excited to add the Nor-Cal Beverage Company business to the Manna Beverages & Ventures portfolio,” said Derrick Register, MB&V President. “By continuing to serve as the solution for major brands, we will capitalize on what Nor-Cal Beverage Company built while opening doors for expanded opportunity.”
“It has been an honor to advise this multi-generation family business stalwart through this pivotal moment in their history.” said Erik Einwalter, Managing Director at Cascadia Capital “The team at Manna brings tremendous experience to the relationship which will continue to propel the business forward.”
Cascadia is serving as the exclusive advisor to Nor-Cal Beverage in this pending transaction.
This acquisition represents another successful transaction for Cascadia in the Food & Beverage sector, bolstering a leading contract manufacturing practice area. Previous beverage client transactions: