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Sunny Sky Products, LLC, a leading producer of dispensed beverage solutions offering hot, cold, frozen, and beverage enhancer products for the convenience store and foodservice channels in the US, announced the closing of its acquisition of LX/JT Holdings Inc and subsidiaries, Dba Bevolution Group, a leading manufacturer and supplier of innovative beverage solutions, primarily selling clean label and preservative free smoothie bases, bar and cocktail mixes, juices, concentrates and other related beverage products into the foodservice channel from Highlander Partners, L.P. (along with its affiliates “Highlander”). The terms of the acquisition were not disclosed.

Bevolution was created via the combination of well-respected and reputable brands including JuiceTyme, Lemon-X, Dr. Smoothie and Tropics. The business operates a multi-site beverage manufacturing platform with 3 facilities strategically positioned across the US, with capacity to support future growth. Bevolution develops and innovates new products with its in-house R&D staff and partners with its customers to bring new on-trend products to market.

About Sunny Sky Products
Sunny Sky, a portfolio company of TJC, is a leading producer of dispensed beverage solutions, offering hot, cold, frozen, and beverage enhancer products for the convenience store and foodservice industry. The Company’s products include specialty cappuccinos, frappes, hot chocolates, cold brew and iced coffee, craft beverages, fountain drinks, aguas frescas, teas, frozen slushies, smoothies, coffee syrups, creamers, sauces and toppers. The Company employs approximately 400 team members across three best-in-class manufacturing facilities, Houston, TX (headquarters), Tinley Park, IL and Douglassville, PA.

About Bevolution Group
Bevolution is a leading manufacturer of innovative beverage solutions primarily selling clean label and preservative free smoothie bases, refreshers, bar and cocktail mixes, juices, teas, lemonades, thickened waters, beverage powders and other beverage concentrates in both shelf stable and frozen formats. Bevolution predominantly serves the foodservice, hospitality, coffee shop and convenience channels. The company markets and sells its products under company brands including Dr. Smoothie, Tropics, Refrasia and Lemon-X, as well as partners with customers on select customer or private label products. The business operates 3 manufacturing facilities across the US with production facilities in Chicago, IL, Frostproof, FL, and Fullerton, CA and employs approximately 175 employees across all locations.

Biosyntia has secured a Series B funding round of 11.5 million euros from a strong syndicate of experienced venture capital investors. The round was closed with an investment from the European Circular Bioeconomy Fund (ECBF) and the two existing investors, Sofinnova Partners and Novo Seeds, the early-stage investment and company creation team of Novo Holdings A/S. The investment will allow the company to enter the production phase of its first-of-its-kind, natural and sustainable active ingredients as well as expand the pipeline of products. The first product to be commercialized is a bio-based biotin (vitaminB7), for use in dietary supplements, food, and beauty products.

Biosyntia is an industrial biotech company delivering nature’singredients at scale both affordably and sustainably. Using cutting-edge biotechnology and proprietary R&D tools and insights, the company is developing first-of-its-kind precision fermentation processes to replace fossil-based alternatives. Its vision is to develop a natural and environmentally-friendly production process of essential nutritional active ingredients, reducing the use of petrochemically-based processes and driving a positive environmental impact. The company today has several commercial partnerships, including collaborations with large market players such as Givaudan and WACKER.