As the final step to complete a merger with European fresh produce company Total Produce that began in February, this week Dole Packaged Foods intends to raise $559 million from an initial public offering. The merger forms the world’s largest fresh produce provider, joining Dole’s 109,000 acres of land, 162 distribution and manufacturing facilities, 75 picking houses and 12 cold storage facilities with Total Produce’s global import and distribution network.
MapleMama is changing its brand name to Samara while cutting the sugar content in half across its popular line of organic sparkling fruit drinks to address contemporary consumer preferences.
Grab your wands! Flying Cauldron, the non-alcoholic butterscotch beer from Reed’s Inc., is celebrating the birthday of everyone’s favorite wizard with a new Flying Cauldron 16 oz. can and a big giveaway!
Plants By People, a new plant-based food company that unites ancient wisdom with modern science, has launched its first line of products – plant-based tonic beverages. Each single-serve powdered tonic is made entirely of organic plants, herbs, and botanicals, thoughtfully combined to maximize nutritional benefits and restore natural balance.
Office Hours returns today with a look into the state of the food service channel as a revenue and visibility outlet for food and beverage entrepreneurs. BevNET Editor in Chief Jeff Klineman was joined by Rooted Food Sales’ Matt Cotton and Clay Lichterman of Kodiak Cakes to explore the ways the Covid-19 pandemic cut into food service opportunities and the slow road back for many institutional accounts.
Having emerged this year as one of the fastest growing energy drinks in the U.S. market, CELSIUS’ momentum continues to surge, earning an “outperform” rating according to a new report by Credit Suisse. According to the report, which stems from CELSIUS’ analyst day event in Miami, Florida last week, the brand has seen “a strong rebound in demand post pandemic."
Celebrity backed spirits-based RTD The Finnish Long Drink has announced the closing of a $25 million funding round led by New York-based investment management firm Neuberger Berman.
GreenRoom, an award-winning public relations and digital agency, recently expanded its Food & Beverage practice with three innovative brands in its portfolio: Fillo’s America’s Made, ShineWater and Gratsi wine.
As Foxtrot Market, one of the most hyped retailers in recent memory, prepares to open dozens of new locations, we sat down with co-founder/CEO Mike LaVitola to talk about how the company cultivates an intimate understanding of its consumers, its uniquely curated product selection and why the chain is simultaneously going head-to-head with the likes of Starbucks, 7-Eleven and DoorDash.
Compass Box Scotch Whiskymakers announce a new limited edition, Canvas Blended Malt Scotch Whisky (SRP $150, ABV: 46%), featuring a parcel of whisky aged in Vino Naranja casks.
GURU Organic Energy Corp., Canada’s leading organic energy drink brand, has been making the most of the Canadian summertime, leading a nationwide community clean-up initiative. From Halifax to Vancouver, the GURU Good Crew, created specifically for the occasion, has been giving back to nature and the environment.
Food tech company NotCo announced today that it has raised $235 million in a Series D funding round led by Tiger Global, bringing its total financing to over $350 million to date. The funding will help the plant-based milk and meat producer to launch its food products in the U.S. and scale its proprietary A.I. technology platform.
North Carolina-based grocer The Fresh Market filed for an initial public offering this month for the second time in the company’s almost 40-year history. This second IPO could bring significant changes to the grocer’s position in the retail landscape, forcing them to optimize operations at the expense of local and emerging brands.
In this Ingredients Roundup: NURA introduces organic 5-HTP supplement CLEANMOOD, an unexpected frost causes Arabica coffee prices to plunges, , Blue California and Conagen promote energy and healthy aging through new ingredient, Welcome Dairy Holdings Acquires North Star Processing and Monin Introduces Energy Boost.
