Sunny Sky® Products Acquires Beverage Manufacturer Amfotek®
Source Sunny Sky® Products
January 2, 2020
Sunny Sky® Products announced today the acquisition of dispensed beverage manufacturer AMFOTEK. AMFOTEK is a leading developer and manufacturer of dispensed beverages – with specialization in powder-based products, including hot chocolates, cappuccinos, smoothies, teas, and lemonades. AMFOTEK serves a customer base across the foodservice and convenience store channels.
“AMFOTEK’s product line and customer base is a perfect complement to Sunny Sky’s. We already have a large customer base in powdered dispensed beverages, and this acquisition will solidify our leadership position in this space,” said W. Ashley Edens, President & CEO of Sunny Sky Products. “AMFOTEK’s manufacturing facility outside of Chicago will also give us added manufacturing flexibility and allow us to reduce transportation time to many of our customers.”
Located in Tinley Park, IL, all of AMFOTEK’s manufacturing and day-to-day business operations operate out of a 101,000 square foot, state-of-the-art facility. As part of the acquisition, Sunny Sky Products will acquire AMFOTEK’s manufacturing facility and equipment and will continue operations in Tinley Park.
“I’m elated by the union of our companies,” said Ellen Jordan Reidy, President & Founder of AMFOTEK. “The combination of these great, customer-centric teams with such synergistic values makes me jubilant for what the future holds for Sunny Sky Products.”
About Sunny Sky Products: Sunny Sky Products, based in Houston, Texas, is a leading manufacturer of premium dispensed beverages. Sunny Sky Products’ portfolio includes an extensive line of frozen carbonated and uncarbonated beverages marketed under several different brands (including Jolly Rancher Slush, Welch’s Frozen, and The Original Slushie Company®), hot chocolate and cappuccinos, cold dispensed beverages (including El Nino Aguas Frescas® and Pure Craft Beverages™), and an extensive line of beverage enhancers that includes coffee syrups, toppings, and fountain flavor shots. Sunny Sky Products serves customers across the US, Latin America, and Asia and has offices in Houston, TX; Singapore; Johor, Malaysia; Buffalo, NY; and now, Tinley Park, IL. The Tinley Park location of AMFOTEK will serve as the company’s Midwest regional office and manufacturing facility.
About AMFOTEK: AMFOTEK is a developer and manufacturer of high-quality powder-based beverages, headquartered in Tinley Park, IL. City Capital Advisors LLC, a Chicago based investment bank focused on serving privately held companies, served as exclusive financial advisor to AMFOTEK for this transaction.
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