Leading beverage distributor is sold to nutrition-focused company.
Insight Beverages Inc., a beverage formulator, manufacturer and distributor has been sold to Kerry Group plc, a global company focused on taste and nutrition systems, as well as functional ingredients and actives for the global food, beverage and pharmaceutical markets.
Farlie Turner & Co acted as the financial advisor to the Consumer Group seller of Insights Beverages. Terms and details of the transaction were not disclosed.
Since 1981, Insight Beverages has been one of the nation’s leading formulators, manufacturers, and distributors of cappuccinos, hot cocoas, frozen cappuccinos, barista products, fruit smoothies, frozen noncarbonated beverages, tea products, premium lemonades and iced coffee into the convenience store channel as well as other food service and retail channels. Insight has had great success in helping its customers grow profitable beverage businesses by leveraging its technology and consumer research.
“The Farlie Turner team offered big bank experience and relationships, while conducting a customized M&A process that was tailored to our needs,” stated Andy Burke, Insight Beverages’ CEO. “Their understanding of the food and beverage industry, along with an understanding of our convenience store, foodservice and QSR end-markets, yielded a strong result for our shareholders.”
“Together, Insight Beverages and Kerry share an entrepreneurial spirit, value-added product development capability and a commitment to customer service, which should translate into domestic and international growth in specialty beverages for the combined enterprise,” commented Chuck Fultz, a managing director of Farlie Turner who led the transaction. In addition to Chuck, Farlie Turner’s team included Craig Farlie, Erik Rudolph, Daniel Vetrano and Chris Henry.
“This transaction represents another successful outcome for Farlie Turner’s Consumer Group,” added Erik Rudolph, a managing director at Farlie Turner.
