The $165 million investment has a valuation of $665 million. The agreement includes distribution of the brand’s portfolio throughout mainland China.
To better manage the product’s final outcome, stevia suppliers such as Stevia First Corp., Cargill and DSM have begun fermenting it.
With their latest releases, Nestle and LaCroix have kept the carbonation, retooled the flavors and dropped the sweet stuff.
The acquisition gives Lassonde its most identifiable consumer packaged goods brand, which could help the Quebec-based company make a greater push below the border.
Suja Juice Co. announced Tuesday the national, Whole Foods-exclusive launch of a four-SKU line of high pressure processed (HPP) teas that features an unsweetened, biodynamic black tea.
Celsius Holdings will unveil its latest release — Celsius Negative Calorie Cola — on Friday at the Subway Firecracker 250 at Daytona International Speedway.
David Turconi, general manager of Guayaki’s cafe, intends to take the concept of a yerba maté hub to a new set of locations.
Unilever, a global consumer packaged goods conglomerate, sold the brand to Kainos, but will retain a minority stake in the business.
Indra Nooyi, the CEO of PepsiCo, recently discussed the challenges of balancing work with the rest of her life.
The organic products company announced Tuesday that it has redesigned the packaging of its Dream brand of alternative dairy products.
The agreement will diversify the portfolio of ADM, a global supplier of food ingredients, animal feeds and biofuels, among other products.
Nestlé USA announced Wednesday that it has sold Juicy Juice, a well-known but declining juice brand for kids, to investment firm Brynwood Partners.
Hormel Foods has agreed to purchase CytoSport Holdings Inc., the company that owns Muscle Milk, for approximately $450 million.
Ingredient suppliers packed the IFT show in New Orleans with energy and protein innovation.