Encore Consumer Capital has acquired Wilkes-Barre, Pennsylvania-based Lion Beverages, a maker of specialty beverages. No financial terms were disclosed.
SAN FRANCISCO – Encore Consumer Capital (“Encore”), a private equity firm that invests exclusively in leading consumer products companies, is pleased to announce that it has completed an acquisition of Lion Beverages, LLC (“Lion”).
Lion, based in Wilkes-Barre, Pennsylvania, is a full-service contract manufacturer of specialty beverages including energy drinks, non-alcoholic brewed beverages, better-for-you sodas and craft beer. The Company offers brewing, blending, canning, bottling, and packaging services for an array of customers including large national beverage brands.
Michael Clarke, CEO, said, “We are very energized and excited to work with the Encore team. We have a terrific opportunity to leverage Encore’s abilities and expertise as the business continues to drive to reach its full potential.”
President Jeff Meoni added, “I am excited to partner with Encore and to be able to tap into their broad experience in the food and beverage industry. With their support, we can expand our capabilities to further meet the needs of our customers.”
Scott Sellers, Managing Director at Encore Consumer Capital, said, “With its experienced management team and efficient operation, we feel Lion is well positioned for growth in the specialty beverage category over the next few years.”