In conjunction with the transaction, Sunsweet has formed a wholly owned subsidiary called Disruptive Beverages (DBI). DBI has been formed to help drive the growth of developing beverage companies.
Dane Lance, COO of Sunsweet Growers, said: “For beverage ideas and companies that we truly believe in, and that we believe are innovative and have a chance to challenge the ‘beverage quo’, we’ve set up a new approach to help them on their way.”
Function co-founders Dayton Miller, Josh Simon and Alex Hughes will continue to maintain leadership positions in the company. While Sunsweet will leverage its resources wherever synergies exist, the Function business will continue to operate on a fairly standalone basis.
Josh Simon, Function, said: “We look forward to tapping into Sunsweet’s vast experience to take Function to the next level.”
Function Drinks was represented in the transaction by Silverwood Partners.
Source: Sunsweet Growers
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