Strategic beverage platform acquires majority interest in marketer of function-forward elixirs, wellness shots, and probiotics
Dunn’s River Brands (“DRB”), a strategic beverage platform formed in partnership with private equity firm Fireman Capital Partners (“FCP”), acquired a majority interest in Temple Turmeric, Inc. (“Temple”). Temple is a manufacturer and marketer of function-forward elixirs, wellness shots, and probiotics, founded in 2009. Financial terms of the transaction were not disclosed.
Daniel Sullivan, Founder and Chief Innovation Officer of Temple, said, “It’s a very exciting opportunity and honor to partner with Dunn’s River Brands. DRB is a world class organization of experts in all aspects of beverage brand building. We are thrilled to be working together on remarkable multifunctional innovations.”