JF Hillebrand Group AG, a third-party logistics specialist in the beverage industry, has acquired Houston-based Satellite Logistics Group.
Terms of the deal were not disclosed.
SLG specializes in reverse logistics solutions and related services for the beer and beverage industry, including its Kegspediter keg management, LogiTrax transportation management, and EcoBev beverage disposal. SLG’s customers include many leading import and domestic brewers, as well as importers and beer wholesalers throughout North America, Latin America and Europe, JF Hillebrand said.
Based in Mainz, Germany, JF Hillebrand has a global network of 48 offices and representation in 83 countries.
“This promises to be a valuable partnership for both JF Hillebrand and Satellite Logistics Group,” said Christophe Bernard, chief executive officer of the JF Hillebrand, in a statement. “Not only do we have complementary service offerings, but we find both organizations are culturally aligned. SLG is an excellent fit.”
SLG has experienced steady organic growth under president, CEO and original owner Kevin Brady since the company was established in 1984. In 2010, SLG was acquired by Morgenthaler Private Equity, a Cleveland- and Boston-based private equity firm. SLG now becomes a majority owned subsidiary of JF Hillebrand.
SLG’s management also retains equity in SLG and will remain in place, along with current employees. The company will continue to operate as Satellite Logistics Group, according to Bernard.
JF Hillebrand buys Satellite Logistics
