Highlander Partners L.P., a Dallas, Texas-based private investment firm, has acquired Juice Tyme Inc. Founded in 1980, Juice Tyme is a Chicago, Ill.-based provider of shelf-stable, bag-in-box juice and beverage concentrates that primarily serves the foodservice industry.
Juice Tyme will continue to operate under its existing name and operating structure with its current management team, led by President and CEO Philip Scott. The company’s management team has successfully grown the business for the last seven years under the ownership of Encore Consumer Capital and has positioned Juice Tyme as a strong leader in the shelf-stable bag-in-box juice market.
“Juice Tyme is an exceptional company with incredible potential for continued growth. We will leverage Highlander’s hospitality and food industry expertise to focus on the company’s sales strategy and market penetration. In addition to organic growth efforts, we will actively seek juice, concentrate, and beverage acquisition opportunities to expand Juice Tyme’s offerings in the foodservice market and beyond,” said Alex Guiva, a Partner at Highlander and Chairman of Juice Tyme.