Archive for September, 2011
Mass. Capital is pleased to announce a new investment in Polar Corporation. Polar, founded in 1882, is the largest privately owned, independent soft drink bottler in the United States. Polar produces 65 different types of beverages, including traditional flavored drinks, seltzers, diets, spring water and an assortment of new age beverages. Polar’s business segments include the Company’s proprietary Polar and Adirondack brands, private label brands, national franchise brands including A&W Root Beer, Sunkist and 7-UP and new age brands such as Snapple, Nantucket Nectars and Arizona Iced Tea. With its broad range of products and SKUs Polar currently controls approximately 30% of the carbonated soft drink market in the Northeast.
This investment is Mass. Capital’s fourth investment in Polar. The new financing was lead by Prudential Capital and the proceeds, together with senior debt from Bank of America, were used to complete a recapitalization of the Company and to support the continued growth of the business.
For more information on Polar Corporation, please visit www.polarbev.com.
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