Harry Davis & Company (HDC), a third-generation advisory firm renowned for its deep expertise in the food and beverage sector, announced the successful sale of Manna Beverages’ West Sacramento, California production facility to Redwood Beverage Group, LLC. The transaction, completed on Wednesday, marks a significant milestone for all parties involved—investors, lenders, the local community, and more than 350 employees whose jobs were impacted when the plant ceased operations last month. The financial specifics of the deal were not disclosed, consistent with industry norms for privately negotiated transactions.
The acquisition covers a 213,000-square-foot production facility located in a strategic industrial corridor of West Sacramento. Before shutting down, the plant served as a key co-manufacturing hub for a wide array of well-known canned and bottled beverage brands, supporting both regional and national distribution channels. Its closure had raised concerns about job losses, lost production capacity, and the ripple effects on related businesses. The purchase by Redwood Beverage Group now positions the facility for a rapid operational restart and a renewed role in the beverage co-packing landscape.
According to HDC and Maynards Industries, which jointly managed the asset sale, the deal not only transfers a major physical manufacturing site but also provides a pathway for job restoration. More than 350 former employees stand to benefit from the facility’s planned reopening, as Redwood Beverage Group aims to hire significantly from the local workforce. This commitment has been welcomed by community leaders and industry stakeholders who view the transaction as a boost to economic stability in the region.
A spokesperson for Redwood Beverage Group emphasized the company’s strategic vision and its enthusiasm for the newly acquired facility. “We are thrilled to relaunch production under new ownership and management, with a renewed commitment to restoring jobs, producing high-quality products, and providing exceptional customer service,” the spokesperson said. “This facility offers tremendous potential, and we look forward to working with former employees, new team members, and our industry partners to bring that potential to life.”
Redwood Beverage Group is a newly formed investment platform backed by 13th Floor Capital and Tricor Pacific Capital—two firms with extensive histories in consumer goods, manufacturing, and scalable operations. Their goal is to build Redwood into one of the nation’s leading beverage co-packing providers, combining financial strength, operational expertise, and a modern approach to manufacturing. The acquisition of the West Sacramento facility represents one of the company’s first major steps toward assembling a competitive national footprint.
For Harry Davis & Company, the transaction reflects the firm’s long-standing role as a trusted intermediary in the food and beverage manufacturing sector. Known for its ability to manage time-sensitive and complex assignments, HDC worked closely with Maynards Industries to evaluate the facility, identify qualified buyers, structure the deal, and ensure alignment with all stakeholders’ objectives.
“We take pride in helping restore jobs while maximizing value for financial stakeholders,” said Lenny Davis, CEO of Harry Davis & Company. “This transaction represents a true win-win for the community, landlords, and lenders. There’s no better feeling than leveraging our expertise and relationships to create positive outcomes for all involved. Our market insights allowed us to quickly identify a qualified buyer and bring this deal to completion.”
Davis emphasized that HDC’s understanding of beverage-sector dynamics was instrumental in facilitating an efficient transition. The firm’s established network, which spans the global food and beverage industry, enabled a targeted approach that minimized downtime for the facility and reduced uncertainty for workers and asset owners.
Harry Davis & Company, founded in 1955, is approaching its 70th anniversary in 2025. Over the decades, the family-owned firm has built a legacy of advisory excellence covering asset monetization, valuations, brokerage, plant sales, and strategic consulting for manufacturers worldwide. Its relationships with both large-scale corporations and emerging industry players position the company as a go-to resource for specialized transactions involving complex equipment, production lines, and entire manufacturing facilities.
“As we celebrate our 70th anniversary in 2025, this transaction reflects exactly what Harry Davis & Company does best,” added Aaron Morgenstern, President of HDC. “Time-sensitive, complex deals require deep industry knowledge and the right network. Our specialized experience in beverage manufacturing enabled us to evaluate the facility, align it with Redwood Beverage Group’s investment criteria, and deliver a solution that preserves jobs while creating value for all stakeholders.”
Morgenstern noted that the firm’s team worked under tight timelines to assess asset conditions, analyze market opportunities, and ensure a seamless transition to new ownership. The company’s decades of insight into manufacturing technologies, operational workflows, and supply chain dynamics offered a foundation for making informed recommendations throughout the negotiation process.
For the West Sacramento community, the reopening of the facility presents several important benefits. The return of manufacturing jobs will help stabilize local incomes and support ancillary businesses that rely on the plant’s operations, including suppliers, transportation firms, and service providers. The deal also ensures that a major industrial asset does not sit idle—a scenario that can depress local economic activity and lead to long-term deterioration of manufacturing infrastructure.
From Redwood Beverage Group’s perspective, restarting the facility aligns closely with its mission to build a best-in-class beverage co-packing platform. The company plans to invest in operational improvements, quality assurance systems, and customer service capabilities as part of its long-term growth vision. By leveraging the facility’s existing layout and production lines, Redwood aims to attract a diverse portfolio of brand partners seeking reliable, scalable manufacturing.
Industry analysts note that demand for contract beverage manufacturing has grown sharply in recent years, driven by market fragmentation, rising specialty beverage brands, and the need for flexible production capacity. The West Sacramento plant, once fully operational, could offer Redwood a strong competitive position in the western U.S. market, particularly for ready-to-drink beverages.
The sale orchestrated by Harry Davis & Company and Maynards Industries underscores the importance of strategic advisory expertise in today’s rapidly evolving beverage sector. As companies navigate shifting consumer preferences, supply chain challenges, and the need for domestic manufacturing resilience, partnerships like these play a vital role in keeping production assets active and economically productive.
With a new owner, a skilled workforce ready to return, and strong backing from experienced investment partners, the West Sacramento facility is poised for a new chapter—one that blends economic revitalization with renewed manufacturing capability and a forward-looking vision for the beverage industry.
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