Louisville-based Manna Beverages & Ventures to acquire West Sac’s Nor-Cal Beverage Co., Inc.
After 86 years as a family-owned private company, Nor-Cal Beverage Company is being acquired. Manna Beverages & Ventures, based in Louisville, Kentucky, announced Tuesday that it’s acquiring the beverage manufacturing company.
When the acquisition is complete, current Nor-Cal Beverage CEO Shannon Deary-Bell will still be in charge of the company’s operations.
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 due diligence and normal and customary approvals.
“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.”
“Our business is rooted in the concept of serving others,” said Kevin Attkisson, Manna Capital Partners’ Managing Partner. “This acquisition will allow us to offer our customers a wider range of services and solutions, strengthening our position as a leader in the beverage industry.”
“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. With new opportunity on the horizon, I am proud to see how this acquisition will change the trajectory of this business.”
This acquisition will allow Manna Beverages & Ventures to continue to build upon Nor-Cal Beverage Company’s 86-year history as a leading partner for brands in the beverage industry. Nor-Cal Beverage Company customers will continue to receive the best-in-class experience with increased opportunities and resources.