financetom
Business
financetom
/
Business
/
Guatemala's Castillo Hermanos buys US maker of SunnyD for $1.4 billion, top US official says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Guatemala's Castillo Hermanos buys US maker of SunnyD for $1.4 billion, top US official says
Nov 14, 2025 3:36 PM

(Reuters) -Guatemalan firm Castillo Hermanos acquired U.S.-based Harvest Hill, maker of beverages such as SunnyD, for $1.4 billion, the U.S. Deputy Secretary of State Christopher Landau announced on Friday on social media. 

Landau made the announcement on X, a day after the U.S. and Guatemala announced a framework trade agreement to remove U.S tariffs on some foods and other imports.

Castillo Hermanos announced its plan to purchase Harvest Hill in April. 

Private equity firm Brynwood Partners launched the Harvest Hill platform in 2014 with its acquisition of Juicy Juice from Nestle USA, Inc., and since then it has added eight other beverage brands, including Daily's Cocktails and energy drink Nutrament, to the platform.

Harvest Hill employs thousands of people at six factories in the U.S., Landau said. 

Founded in 1886, Castillo Hermanos is a large, family-owned company based in Guatemala. It manufactures food and beverage products such as the Famosa beer brand, and owns several other assets across Central America.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mattr Signs Definitive Agreement to Sell Its Brazilian Pipe Coating Business to Vallourec For US$17.5 Million
Mattr Signs Definitive Agreement to Sell Its Brazilian Pipe Coating Business to Vallourec For US$17.5 Million
Sep 16, 2024
07:44 AM EDT, 09/16/2024 (MT Newswires) -- Mattr Corp. ( MTTRF ) on Monday entered into a definitive agreement to sell its subsidiary, Thermotite do Brazil, to Vallourec Tubular Solutions, a subsidiary of Vallourec S.A.. A statement noted Thermotite provides thermal insulation pipe coating services to the offshore oil and gas industry from its plant in Serra, Brazil and is...
Immatics Ends Collaboration With Bristol-Myers to Co-Develop IMA401 Targeting Melanoma-Associated Antigen
Immatics Ends Collaboration With Bristol-Myers to Co-Develop IMA401 Targeting Melanoma-Associated Antigen
Sep 16, 2024
07:59 AM EDT, 09/16/2024 (MT Newswires) -- Immatics ( IMTX ) said Monday it has ended its partnership with Bristol-Myers Squibb ( BMY ) to co-develop IMA401, targeting melanoma-associated antigen, because of current portfolio prioritization within the latter. The current partnership and license agreement, initially signed in 2021, will end on Dec. 12, the company added. Under the terms, Immatics...
SunCar Technology's H1 Net Loss Widens; Revenue Rises
SunCar Technology's H1 Net Loss Widens; Revenue Rises
Sep 16, 2024
07:42 AM EDT, 09/16/2024 (MT Newswires) -- SunCar Technology ( SDA ) reported an H1 net loss Monday of $0.67 per diluted share, wider than the $0.04 loss a year earlier. Analyst estimates were not available for comparison. Revenue for the six months ended June 30 was $203.1 million, up from $159.4 million a year earlier. ...
Penumbra Gets CE Mark for Computer Assisted Vacuum Thrombectomy Technologies
Penumbra Gets CE Mark for Computer Assisted Vacuum Thrombectomy Technologies
Sep 16, 2024
10:13 AM EDT, 09/16/2024 (MT Newswires) -- Penumbra (PEN) said Monday it received the CE Mark in Europe for its computer-assisted vacuum thrombectomy technologies Lightning Flash 2.0 and Lightning Bolt 7. The technologies are used to remove clots in the vascular system, the company said. Penumbra said the products will assure doctors in Europe that computer-assisted vacuum thrombectomy is a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved