About Carolina Beverage Group
Carolina Beverage Group is an Industrial Goods & Manufacturing company based in Greenville (United States) founded in 1997, and was acquired by Cold Spring Brewing in May 2018. Contract-based beverage manufacturing and packaging services are provided. It operates on a Managed Services and B2B2C model. The company has 374 employees. Carolina Beverage Group offers products and services including Packaging Solutions, Specialty Processing & Filling, Quality Assurance & Food Safety, and Warehousing. Its focus areas include Food & Beverage, Beverages and Non-Alcoholic Beverages. Its legal entity is Carolina Beverage Group, LLC.
Company details
Carolina Beverage Group is established as a world-class producer and specialty beverage co-packer for national and international beverage brands. Operations are conducted across three state-of-the-art facilities in the United States, located in North Carolina, Texas, and Minnesota. A broad range of packaging solutions is provided, supported by high-speed production lines engineered for flexibility. Specialty processing and filling options are offered to meet diverse market needs, while quality assurance and food safety standards are maintained through comprehensive testing under FSSC 22000 certification. Warehousing services for ingredients and finished goods are also provided near each facility. The company is positioned to serve top beverage brands with innovative manufacturing approaches across the Southeast, Southwest, and Midwest regions.
- Headquarters Greenville, United States
- Employees 374
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website carolinabeveragegroup.com
- Social LinkedIn
- Acquired by Cold Spring Brewing (May 2018)
- Legal Name Carolina Beverage Group, Llc
- Latest Funding Round$130M (USD), Debt – Conventional
Jul 2013
- InvestorsTurmeric Capital
& 3 more
- Employee Count374
- Acquired by
Products & Services of Carolina Beverage Group
Carolina Beverage Group offers a comprehensive portfolio of products and services, including Packaging Solutions, Specialty Processing & Filling, Quality Assurance & Food Safety, and Warehousing.
High-speed lines are used for flexible beverage packaging needs.
Diverse filling options are provided for beverage market needs.
Comprehensive testing is conducted to ensure beverage safety standards.
Storage solutions are offered for ingredients and finished goods.
Funding Insights of Carolina Beverage Group
- Total Rounds 3
- Last Round Debt – Conventional — $130M
- Investors Count 2
All 3 funding rounds of Carolina Beverage Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2013 | $130M | Debt – Conventional | – | – | – |
| Aug 2010 | $14M | Unspecified | – | – | |
| Jun 2010 | Unspecified | – | – |
4 investors in total: 4 institutional.
Investors in Carolina Beverage Group
Carolina Beverage Group has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Turmeric Capital, Cold Spring Brewing and Plexus Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lower mid-market investments are targeted by the private equity firm. | 2007 | tcap.com | Raleigh, United States | |
Middle-market companies are targeted by the investment management firm. | plexuscap.com | Raleigh, United States | ||
| suntxcapitalpartners.com | ||||
Craft beers, specialty drinks, and energy drinks are produced. | 1874 | coldspringbrewery.com | Cold Spring, United States |
Investor details for Carolina Beverage Group
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People of Carolina Beverage Group
34 people are tracked at Carolina Beverage Group (10 in leadership, 24 in team); the tracked headcount is 374.
| Name | Role | Group |
|---|---|---|
Brian Demos | President & CEO | Leadership |
Michael Prichard | Director Of Quality And Compliance | Leadership |
Jennifer Kennerly | Vice President Human Resources | Leadership |
Trena Rogers | Vice President Of Warehousing And Inventory | Leadership |
Shannon Hilton | Cfo/ Sr. Vice President | Leadership |
Eric Pearce | Director Of Finance | Leadership |
Kevin Flinkingshelt | Vice President Operations | Leadership |
Dana McCorkle | Director Of Procurement | Leadership |
Craig Burns | Senior Director Quality Assurance | Leadership |
Dustin Davis | Director Of Maintenance And Engineering | Leadership |
Shannon Zielke | Maintenance Technician | Team |
John Verra | Maintenance Manager | Team |
Hiep Nguyen | Quality Assurance Coordinator | Team |
Darryl Sawyer | Laboratory Lead | Team |
Cynthia Terry | Doc Coordinator/ Warehouse Lead | Team |
Josh Clements | Forklift Operator | Team |
My'Kael Turner | Filler Operator | Team |
Shelton Angie | Quality Laboratory Technician | Team |
Trish Thatcher | Human Resources | Team |
Michael Stanish | Blending Operations Manager | Team |
14 more people are available in the full profile.
Complete people profiles for Carolina Beverage Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Carolina Beverage Group
5 dated milestones of Carolina Beverage Group across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Carolina Beverage Group is founded.
- Funding First funding round.
- Exit Acquired by SunTx Capital Partners.
- Funding Latest funding round, Debt – Conventional, of $130.0M.
- Exit Acquired by Cold Spring Brewing.
Web traffic of Carolina Beverage Group
The website of Carolina Beverage Group (carolinabeveragegroup.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▼ 45.3% vs previous month
Top companies in Food Processing & Kitchen Equipment
3 companies that operate in the same segment as Carolina Beverage Group (Food Processing & Kitchen Equipment) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Complete meat processing lines are designed, manufactured, and supplied. | 1894 | Chicago, Illinois, United States | USD 3.79 B | 12,200 | ||
Gas, charcoal, and electric grills with accessories are manufactured. | 1952 | Palatine, Illinois, United States | USD 97.02 K | |||
Cooking oil management services are provided to foodservice operators. | 1999 | Mendota Heights, Minnesota, United States | USD 46.44 M | 1,086 |
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Frequently Asked Questions about Carolina Beverage Group
Carolina Beverage Group was founded in 1997 and raised its 1st funding round 13 years after it was founded.
Carolina Beverage Group is headquartered in Greenville, United States.
Carolina Beverage Group has 374 employees.
Carolina Beverage Group is established as a world-class producer and specialty beverage co-packer for national and international beverage brands. Operations are conducted across three state-of-the-art facilities in the United States, located in North Carolina, Texas, and Minnesota. A broad range of packaging solutions is provided, supported by high-speed production lines engineered for flexibility. Specialty processing and filling options are offered to meet diverse market needs, while quality assurance and food safety standards are maintained through comprehensive testing under FSSC 22000 certification. Warehousing services for ingredients and finished goods are also provided near each facility. The company is positioned to serve top beverage brands with innovative manufacturing approaches across the Southeast, Southwest, and Midwest regions.
Carolina Beverage Group offers Packaging Solutions, Specialty Processing & Filling, Quality Assurance & Food Safety, and Warehousing.
Carolina Beverage Group has 4 investors. Key investors include Turmeric Capital, Cold Spring Brewing, Plexus Capital, and SunTx Capital Partners.
Carolina Beverage Group operates through Carolina Beverage Group, Llc.
Yes. Carolina Beverage Group was acquired by Cold Spring Brewing in May 2018.