California-based Perricone Farms has acquired US peer Natalie’s Orchid Island Juice Company.
Natalie’s Orchid Island Juice produces a range of fruit juices and functional beverages that it sells into roughly 32 states and 50 international markets, according to its website.
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Perricone Farms said the “combined company” will take advantage of bi-coastal production facilities and improve its logistics, as well as expand its product range.
“This exciting merger offers new opportunities for growth and expansion, including entrance into new markets, developing innovative products, and strengthening relationships with customers, suppliers, vendors, and partners,” Perricone Farms CEO Bob Rovzar said.
“Together, Perricone Farms and Natalie’s are now better equipped to ensure the continued success and growth of both brands.”
Financial details of the deal were not disclosed.
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By GlobalDataNatalie’s Orchid Island Juice was founded in 1989 by CEO Marygrace Sexton in Florida, naming the company after her daughter.
The juicer built a 76,000-square-foot facility in Florida in 1996 that now manufactures seven juices in total, producing 25,000 gallons of juice per week.
“The impressive growth that has driven the success behind the Natalie’s brand for the past 35 years has been built on the brand loyalty and relationships we have established with our customers and consumers,” Sexton said.
“We are excited for the future and the opportunities this partnership will provide our cherished Natalie’s family. Natalie’s has been built to last and will be providing you with authentic juices on a worldwide scale for generations to come.”
Founded in 1994 by Sam Perricone, Perricone Juices has operations in California and Florida. Under the brand moniker ‘Perricone Farms’, it ships juice products across the US into foodservice and retail channels.
Last year, US private-equity firm Trivest Partners invested in the family-run Perricone Farms. While financial details were not disclosed, the company said the funding would enable it to grow its operations and teams.
