US
Nestlé Waters North America (NWNA) announced in December the sale of its Tradewinds ready-to-drink and Sweet Leaf Tea brands to Dunn’s River Brands for an undisclosed sum.
Dunn’s is a portfolio company of Texas-based private equity firm Fireman Capital Partners (FCP). Dunn’s was founded by Lee Brody, Ian Knowles and Kevin McClafferty, who serves as president and c.e.o. This is the partnership’s first acquisition.
“With FCP’s support, we are well-positioned to attract world-class beverage brands and support the next generation of beverage companies,” said McClafferty. He said the company expects to add more brands to the portfolio in 2018.