Lemon-X Corporation, the owner of juice and beverage concentrate manufacturer Juice Tyme, has been acquired by a private investment firm for an undisclosed sum.
Highlander Partners has acquired the New York-based company as part of its ongoing “buy and build” strategy. Lemon-X is a manufacturer and supplier of 100% juices, juice blends, lemonades, teas, and cocktail mixes in various pack sizes including bag-in-box, bottles, jugs, and cartons to the foodservice industry.
Lemon-X will continue to operate its New York state and Florida facilities, while the merger “will significantly increase the company’s scale, geographic’s coverage, and product offerings,” Highlander Partners revealed.
Juice Tyme chairman Alex Guiva said: “We are excited to combine Juice Tyme with Lemon-X and use the strength of both organisations to create a robust beverage platform focused on customer service, innovation and consumer trends. The beverage space is a large and ever-changing industry and we believe that the combined company will be able to achieve more growth than on a stand-alone basis. We look forward to leveraging our enhanced library of products and formulations to better serve our customers with innovative offerings and additional resources.
“We will continue our proven model of supplementing organic growth with strategic acquisitions, and we will search for additional [merger and acquisition] opportunities to enhance our market position, expand product offerings and grow our geographic presence.”
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