Based in Houston, Texas, Satellite specialises 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.
Hillebrand says the acquisition complements its existing business portfolio.
JF Hillebrand CEO Christophe Bernard said: “This promises to be a valuable partnership for both JF Hillebrand and Satellite Logistics Group. Not only do we have complementary service offerings, but we find both organisations are culturally aligned, with a joint focus on service quality.”
Satellite’s president and CEO Kevin Brady said: “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.”
Hillebrand says Satellite’s know-how and expertise within the beer industry is unique, and as such the acquisition forms a key part of Hillebrand’s strategic positioning as a global logistics provider to all sectors of the beverage trade. It says the combined client base 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.
Neither company released details of the deal.