M&A Deal Summary

Nestlé Acquires Vitality Beverages

On November 19, 2009, Nestlé acquired beverage company Vitality Beverages from Goldner Hawn Johnson & Morrison and Lexington Partners

Acquisition Highlights
  • This is Nestlé’s 2nd transaction in the Beverages sector.
  • This is Nestlé’s 5th transaction in the United States.
  • This is Nestlé’s 1st transaction in Florida.

M&A Deal Summary
Date 2009-11-19
Target Vitality Beverages
Sector Beverages
Buyer(s) Nestlé
Sellers(s) Goldner Hawn Johnson & Morrison
Lexington Partners
Deal Type Add-on Acquisition

Target

Vitality Beverages

Tampa, Florida, United States
Vitality Beverages, Inc., headquartered in Tampa, Florida, is a leading provider of beverage solutions to the foodservice industry worldwide. What sets Vitality apart is its ability to provide foodservice operators with complete beverage programs including innovative dispensing equipment, a wide assortment of beverages, beverage sales experts, and a dedicated service network. Foodservice operators have counted on Vitality to help them serve top quality beverages including juices, teas, coffees, cocktail and smoothie mixes, innovative specialty drinks and much more.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nestlé

Vevey, Switzerland
Category Company
Founded 1866
Sector Food
Employees270,000
Revenue 93.4B CHF (2023)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.

DEAL STATS #
Overall 6 of 21
Sector (Beverages) 2 of 3
Type (Add-on Acquisition) 6 of 15
State (Florida) 1 of 1
Country (United States) 5 of 14
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-19 Jenny Craig

Carlsbad, California, United States

Jenny Craig is a weight management services company. The Company provides consumers with a comprehensive weight management program that emphasizes personal support to help clients develop a healthy relationship with food, build an active lifestyle, and create a more balanced approach to living. Jenny Craig was founded in 1983 and is based in Carlsbad, California.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 Kraft Foods - North American Pizza Business

United States

Kraft Foods - North American Pizza Business includes the DiGiorno, Tombstone and Jack's brands in the United States, the Delissio brand in Canada and the California Pizza Kitchen trademark license. It also includes two Wisconsin manufacturing facilities (Medford and Little Chute) and the right to take on the leases for the pizza depots and delivery trucks.

Buy $3.7B

Seller(S) 2

SELLER

Goldner Hawn Johnson & Morrison

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 825M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 16 of 33
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 10 of 16
State (Florida) 1 of 1
Country (United States) 16 of 33
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-23 Specialty Commodities

Fargo, North Dakota, United States

Specialty Commodities is a supplier and distributor of specialty food ingredients, providing customers with sourcing, logistics, and market intelligence headquartered in Fargo, North Dakota. Products offered include nuts, dehydrated vegetables, oilseeds, edible grains and seeds, dried fruits, and spices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 Union Metal Corp

Canton, Ohio, United States

Union Metal Corp. is a street lighting metal frame manufacturer.

Sell -
SELLER

Lexington Partners

New York, New York, United States
Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lexington Partners is a private investment firm with approximately $33 billion in committed capital for private equity investing. Lexington Partners focuses its activity on secondary investments, equity co-investments, and fund investments. Lexington's primary business is its secondary private equity group, which seeks to provide liquidity for private equity fund interests. Lexington's co-investment group looks to invest $10 to $100 million alongside private equity sponsors in a variety of sectors. Lexington Partners was formed in 1994 and is based in New York City.

DEAL STATS #
Overall 1 of 5
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 1 of 3
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-26 Bausch & Lomb

Rochester, New York, United States

Bausch & Lomb is a manufacturer of ophthalmic products.

Buy $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-23 SonicWALL

Milpitas, California, United States

SonicWALL is a provider of an Internet security solutions and appliances. SonicWALL has three business units: Network Security, Content Security, and Business Continuity. SonicWALL was founded in 1991 and is based in Milpitas, California.

Buy $717M
Mergr

Product

Company

Legal