JF Hillebrand acquires Satellite Logistics Group
JF Hillebrand Group AG has announced the acquisition of Satellite Logistics Group, a leading US based supply-chain solution provider for the beverage industry.
Headquartered in Houston, Texas, Satellite specialise in reverse logistics solutions and related services for the beer and beverage industry. Their customer base includes many brewers throughout North America, Latin America and Europe. The acquisition complements JF Hillebrand’s existing business portfolio, and will enable both companies to enhance their service offering to clients.
“This promises to be a valuable partnership for both JF Hillebrand and Satellite Logistics Group,” said Christophe Bernard, CEO of JF Hillebrand. “Not only do we have complementary service offerings, but we find both organisations are culturally aligned, with a joint focus on service quality.”
“Partnering with JF Hillebrand provides an exciting opportunity for Satellite Logistics Group and our customers,” said Satellite’s president and CEO Kevin Brady. “JF Hillebrand is an industry leader that shares our dedication to providing innovative and efficient beverage supply chain solutions. While our day-to-day operations will continue as usual, JF Hillebrand’s beverage logistics expertise and global footprint will be valuable resources as we expand our business domestically and internationally.”
Satellite’s know-how and expertise within the beer industry is unique, and as such the acquisition forms a key part of JF Hillebrand’s strategic positioning as a global logistics provider to all sectors of the beverage trade. The combined client base of Satellite and JF Hillebrand includes many of the world’s leading multinational and craft brewers.
Satellite’s management team retains equity and will remain in place, along with current employees. The company will continue to operate as Satellite Logistics Group. Terms of the transaction were not disclosed.