PepsiCo to Acquire Poppi in $1.95B Deal
PepsiCo announced this morning it has entered a definitive agreement to acquire Poppi for $1.95 billion, officially bringing the CSD giant into the next gen functional soda set.
Brad Avery
Posts by Brad Avery
Westrock: Arkansas Facility Opening Raises Outlook in Latest Earnings Report
With its Conway, Arkansas production facility now fully operational, Westrock Coffee Company is projecting significant growth this year, according to the company’s latest earnings report this week.
Kate Farms Grows Mainstream Reach with Target Debut
The medical-grade meal replacement brand announced today the launch of a new line of plant-based Kids Nutrition drinks into 302 Target locations across the country, as well as online at Target.com, marking a major expansion outside of the medical channel and into mainstream retail.
Black Rifle: Q4 Takes Revenue Hit, Company Hones in on Energy
Black Rifle Coffee Company’s revenue took a hard hit in Q4 2024 as sales dropped double-digits in the quarter, according to the brand’s latest earnings report this morning. But, the company said, that decline is in part due to growing pains as the brand increases its attention on wholesale and RTD products.
Spindrift Launches Better-For-You SODA Line
The SODA line is launching with five flavors, including a few that look to step off the beaten path of offerings by mainstream soda brands: Concord Freeze, Ginger Ale, Orange Cream Float, Shirley Temple and Strawberry Shortcake.
Universal Pure Buys Dora’s Naturals’ HPP Business
Northeast distributor Dora’s Naturals is out of the High-Pressure Processing business as the company has sold its HPP assets to Universal Pure Holdings LLC, a cold chain food safety solutions provider.
GT’s at 30: Founder Dave Talks Maintaining Integrity with ‘Real Kombucha’ Refresh
Way back in 1995, 15-year-old GT Dave began brewing his first batch of kombucha in his childhood home. Flash forward 30 years, and what was once, for American consumers, an obscure, fermented Asian tea drink is now a multimillion dollar beverage category with a presence in just about every major retail channel across the United States.
Dairy Farmers of America Accuses Westrock Coffee of Trade Secret Theft in Lawsuit
DFA, which provides co-packing services for RTD coffee beverage brands, alleged that Westrock, a private label coffee and tea manufacturer of poaching talent and stealing trade secrets in a lawsuit filed in November in a Missouri court.
Oatly: Company Projects 2025 Will Be First Profitable Year as Public Company
Oatly CEO Jean-Christophe Flatin predicted that the Swedish plant milk business will have its first year of profitable growth since going public in 2025, praising the company’s efforts to improve its supply chain and overhead structure during its Q4 and full year 2024 earnings report this morning.
Liquid Death Withdraws from U.K. Amid Supply, Sales Challenges
British consumers will simply have to die another day after Liquid Death announced this month that it will be pulling back from the U.K. and the broader international market.
Jones Soda Enlists New Leadership to Fuel Innovation, C-Store Distro Push
Jones Soda begins a new era today with Scott Harvey and Brian Meadows stepping in as CEO and CFO, respectively, with designs to “transform Jones from a craft soda company into a full-fledged beverage company.”
Absolut Extends RTDs, Ready-to-Serves with February Flavor Launches
Absolut is expanding both its ready-to-drink and ready-to-serve cocktail lines today, announcing several new flavor additions, including an expansion of its co-branded partnership with cranberry giant Ocean Spray.
Molson Coors Strikes Strategic Deal with Fever-Tree, Takes 8.5% Stake
Molson Coors Beverage Company is getting in on the mixer set with a new strategic partnership with Fever-Tree, taking an 8.5% minority stake in the business and granting the alcohol giant exclusive U.S. commercialization rights to the premium brand beginning February 1.
Suja Life Restructures Marketing Department, Longtime Staff Exit
At least five now-former Suja Life employees announced their exit from the cold-pressed juice company this week as the company undergoes a strategic reorganization of its marketing department.