The $165 million investment has a valuation of $665 million. The agreement includes distribution of the brand’s portfolio throughout mainland China.
Unilever, a global consumer packaged goods conglomerate, sold the brand to Kainos, but will retain a minority stake in the business.
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.
The agreement will diversify the portfolio of ADM, a global supplier of food ingredients, animal feeds and biofuels, among other products.
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.
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.
While the energy drink category has been one of the biggest beneficiaries of reduced shelf space for CSDs, there is significantly more room to grow.
To better manage the product’s final outcome, stevia suppliers such as Stevia First Corp., Cargill and DSM have begun fermenting it.
As the first ginger beer made with fresh lemons and fresh ginger, the development of Spindrift’s newest offering was a tremendous undertaking.
Packed to the walls with an estimated 28,000 attendees and over 2,700 exhibitors, the 2014 Fancy Food Show was the largest event in its history, and beverage companies took advantage.
From start-ups and early stage brands to mature and established operations, executives cited the show as offering an opportunity to breaking into or enhance their presence in New York City.
Just a few months after reassuming control of Rising Beverage Company, the marketer of Activate Drinks, co-founder Anders Eisner announced the sale of the cap-dispensing brand.
David Turconi, general manager of Guayaki’s cafe, intends to take the concept of a yerba maté hub to a new set of locations.