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US-based Satellite Logistic Group acquired by JF Hillebrand Group

Published:  04 December, 2013

JF Hillebrand Group AG has bought the Satellite Logistics Group, a Texas based supply-chain provider for the drinks industry.

Morgenthaler Private Equity, a private equity firm based in Cleveland and Boston in the United States, sold the beverage logistics and supply chain management company to JF Hillebrand Group AG for undisclosed terms at the end of November. Mogenthaler acquired the company in June 2010

Satellite Logistic Group provides services to several brewers in the United States currently and manages two company-leased and nine third-party-operated distribution and consolidation centres near major ports and transportation hubs throughout the United States. The expertise in the beer industry will complement the current JF Hillebrand logistic supply-chain well.

Kevin Brady, the chief executive officer of Satellite Logistics Group, said: "Partnering with JF Hillebrand provides an exciting opportunity for Satellite Logistics Group and our customers. 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."