Skip to main content
You have permission to edit this article.
Edit
GROUP BUYS ADIRONDACK BEVERAGES

GROUP BUYS ADIRONDACK BEVERAGES

  • 0
Support this work for $1 a month

Adirondack Beverages, a maker of sodas and seltzers, has been purchased by a new management group that plans to expand operations.

Dillon, Read & Co., a Wall Street investment firm, paid an undisclosed amount of money for a majority stake in the company. Adirondack President Angelo Mastrangelo said the investment firm will help Adirondack become a $200-million-a-year company within the next five years.

Adirondack, based in the Schenectady suburb of Scotia, currently has sales of $60 million a year and employs 180 people. The company bottles sodas under the Adirondack, Waist Watcher and British American names.

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News