Transaction enables reemployment opportunities for local workforce and supports continued beverage production in the region

PITTSBURGH--(BUSINESS WIRE)--

Harry Davis & Company (HDC), a third-generation advisory firm specializing in the food and beverage industry, together with its partner Maynards Industries, announced today the successful sale of Manna Beverages’ West Sacramento, California production facility to Redwood Beverage Group, LLC. The transaction closed this Wednesday; financial terms were not disclosed.

The 213,000-square-foot Sacramento facility, which ceased operations last month, previously co-manufactured a wide range of well-known canned and bottled beverages. The acquisition by Redwood Beverage Group provides an opportunity for many of the 350+ recently displaced employees to return to work under new ownership, supporting both the local and regional economy.

“We are thrilled to relaunch production under new ownership and management, with a renewed commitment to restoring jobs, producing high-quality products, and providing exceptional customer service,” said a Redwood Beverage Group spokesperson. Redwood Beverage Group is a newly formed investment platform from 13th Floor Capital and Tricor Pacific Capital, with a vision to become one of the nation’s leading beverage co-packing companies.

“We take pride in helping restore jobs while maximizing value for financial stakeholders,” said Lenny Davis, CEO of Harry Davis & Company. “This transaction represents a true win-win for the community, landlords, and lenders. There’s no better feeling than leveraging our expertise and relationships to create positive outcomes for all involved. Our market insights allowed us to quickly identify a qualified buyer and bring this deal to completion.”

Founded in 1955, Harry Davis & Company has spent three generations connecting buyers and sellers across the global food and beverage marketplace.

“As we celebrate our 70th anniversary in 2025, this transaction reflects exactly what Harry Davis & Company does best,” added Aaron Morgenstern, President of HDC. “Time-sensitive, complex deals require deep industry knowledge and the right network. Our specialized experience in beverage manufacturing enabled us to evaluate the facility, align it with Redwood Beverage Group’s investment criteria, and deliver a solution that preserves jobs while creating value for all stakeholders.”

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Source: Harry Davis & Company