In an investor call held this morning, DPS president and CEO Larry Young said that the company is “excited to see this team continue the breakthrough and disruptive innovation providing consumers with great-tasting and low-calorie beverages” and hailed the acquisition of Bai as one that “makes a tremendous amount of sense for us.”
Sources close to the deal have put the purchase price at between $200 and $300 million.
Tio Gazpacho will collaborate with Andrés, a culinary innovator often credited with the Spanish tapas boom in the U.S and whose company owns 25 restaurants in the U.S. and Mexico, on new marketing, retail and sourcing initiatives for the brand.
Less than 12 months after scaling up operations by moving into a 1,600 square foot facility, Confluence, makers of canned nitro-infused cold brew coffees, will be adding nearly five times the space when they relocate to a new 10,450 square foot warehouse in mid-December.
As part of our discussion, Health-Ade’s founding trio ruminated on the rapid evolution of the company, which launched in 2012 and is now one of the leading kombucha makers in the U.S.
Personnel changes see change up for Steaz executives, Hain Celestial Canada CEO takes extra position, Eternal Water welcomes new sales team members and former Kraft Beverages president joins Dyla Brands.
Dean Foods has partnered with farmer cooperative CROPP to distribute Organic Valley milk across the U.S., marking the company's entrance into organic dairy products.
Nielsen reports for the 4-week period ending November 5 show improved growth in energy drink sales and modest improvements to CSD sales, but diet sodas are still down.
New Age Beverages reports growth in Q3 after finalizing merger with Bucha, Inc.
In an interview with BevNET, Health-Ade co-founder and COO Justin Trout said the new facility would allow the brand to grow its operations and increase efficiency, but also to reinforce its core ethos.
A recent study of sugar content in kombucha, funded by KeVita, completed by NaturPro Scientific, and shared with the media, reported that products from five out of eight manufacturers tested contained higher levels of sugar that reported on labels.
In this edition of Press Clips, Hain Celestial sues St. Louis-based BluePrint Coffee for trademark infringement, Portland Juice Co. unveils cannabis cold-pressed juice and CNN explores the history of radioactive beverages.
In this edition of the podcast, we sit down with Mark Rampolla, the founder of Zico and the co-founder and managing partner Powerplant Ventures. As part of a broad-ranging discussion, Rampolla explains why food and beverage investors are embracing ideas that meld idealism and technology and what’s driving systematic changes in the food industry.
Speaking during a conference call to announce the results, Celsius CEO Gerry David said that increased sales volume was the underlying driver of revenues during the third quarter.