Harvest Hill Beverage Company has reached an agreement with Nestlé HealthCare Nutrition to purchase the Nutrament business of Nestlé.

While the transaction is expected to close by the end of the year, financial details have not been disclosed.

Harvest Hill includes brands such as Juicy Juice, Little Hug and Daily's. The current acquisition is the company's fourth purchase and is a second from Nestlé following the acquisition of Juicy Juice brand.

"We are excited to add Nutrament to Harvest Hill's portfolio and look forward to investing in the brand."

Launched in 1960s, Nutrament produces dairy-based energy drinks, which are primarily marketed to the US East Coast, Canada and the Caribbean Islands.

Brynwood Partners chairman and chief executive officer Hendrik J Hartong III said: "The Nutrament acquisition strengthens Harvest Hill's position in several strategically important areas.

"Nutrament has a strong position in certain critical urban markets that will benefit Harvest Hill's entire brand portfolio.

Harvest Hill will increase its scale with the brand's loyal customer base and will also acquire access to a broad export distributor network in the Caribbean."

Founded in July 2014, Harvest Hill Beverage Company is an unit of private equity firm Brynwood Partners.

Harvest Hill chief executive officer Doug Gillespie said: "We are excited to add Nutrament to Harvest Hill's portfolio and look forward to investing in the brand.

"Nutrament is a well-known brand with loyal consumers that have, in many cases, been purchasing the brand's products since the 1960s."

Harvest Hill has expanded its portfolio with the acquisition of the brands Little Hug juice and Daily's cocktails from  American Beverage Corporation in March last year.

Recently, it has also purchased the beverage manufacturing assets of Faribault Foods.