Brynwood Partners has acquired Cold Spring Brewing from its current owner, the Lenore family. Terms and conditions of the transaction were not disclosed. Located in Cold Spring, Minn., Cold Spring is a beverage manufacturer that produces energy drinks, carbonated flavored waters, and brews craft beers.
The company primarily manufactures products, both non-alcoholic and alcoholic beverages and beer, for other companies’ proprietary brands and retailers’ private labels. Cold Spring also brews beer under its own brand, Third Street Brewhouse, for distribution locally in Minnesota and Wisconsin. Cold Spring has more than $60 million in net sales and employs approximately 350 people.
“We are pleased to announce the acquisition of Cold Spring,” said Henk Hartong III, chairman and CEO of Brynwood Partners. “The well-run facilities and exciting growth plans for the company represent a great investment opportunity for Brynwood Partners … While Cold Spring will be operated as a standalone company, we believe it will benefit greatly from the scale and national distribution and manufacturing footprint of Brynwood Partners’ Harvest Hill Beverage investment.”