Can two legacy juice manufacturers become a major force in a stiff category? That’s the goal for California-based Perricone Farms after it announced this week it had acquired family-owned Natalie’s Orchid Island Juice Company for an undisclosed sum.
Keurig Dr Pepper (KDP) may be sitting on a robust portfolio of coffee brands, but it’s Black Rifle Coffee Company’s upcoming energy drink line that has the beverage giant entering a new distribution deal.
Specialty coffee and tea manufacturer BLK & Bold is kicking off football season with a new partner as the Black-owned business announced this week it has brought in College Football Hall of Famer Deion “Coach Prime” Sanders as co-owner and social change leader.
Startup brand Agua Bonita is still growing, but it’s been flanked by other brands in a category that has received widespread attention from all reaches of the beverage industry, from startups such as Bawi and Frescos Naturales, to launches from corporate giants like Coca-Cola and BlueTriton Brands.
ZBiotics, a food tech startup developing a slate of functional CPG products made with genetically modified probiotics, has closed a $12 million Series A funding round led by Spring Tide Capital. Joining Spring Tide are several other CPG-focused finance firms, including Access Capital, Seamless Capital, Goat Rodeo Capital and Seaside Ventures.
Clearly Canadian has experienced the heights of success and the depths of bankruptcy. Now the Toronto-based sweetened sparkling water brand is figuring out how to strike the right balance between 1990s nostalgia and the modern, better-for-you beverage business.
Emma Chamberlain is getting a big promotion at her namesake coffee brand. Chamberlain Coffee announced today that she has been named co-CEO of the company, to serve alongside the brand’s former COO Gustav Hossy. The duo are replacing Christopher Gallant in the chief executive role.
Reed’s, Inc. continued to make strides in its turnaround efforts during Q2 2024, showing a double-digit increase in net sales and further reduction in operating losses in Q2. Net sales in Q2 were up 19% year-over-year to $11.9 million.
As it looks to expand its own branded line of NA wines in retail this fall, no- and low-alc drinks “curator” Sèchey announced last week it has received an investment from adult beverage-focused private equity firm InvestBev. Terms of the deal were not disclosed.
For 31 years, Colorado-based Chromatic Technologies Inc. (CTI) has been a leader in beverage packaging innovation, pioneering temperature-sensitive thermochromic inks for products like Coors Light’s famous color-changing cans. Now, under new leadership for the first time since its founding in 1993, the firm is working to scale operations and keep its innovation pipeline full.
American food tech startup Shiru is partnering with Japanese multinational Ajinomoto Health & Nutrition on the development of new low glycemic sweetener systems created from sweet proteins identified by Shiru’s proprietary A.I. protein discovery platform.
The Vita Coco Company posted 3% net sales growth to $144 million in its Q2 2024 earnings report this morning, bolstered by improvements to its core coconut water line. Year-to-date net sales were up 3% to $256 million.
Logan Paul and KSI’s PRIME Hydration has caught the ire of the U.S. Olympic & Paralympic Committee (USOPC), which filed a lawsuit against the sports drink brand last week alleging it violated the committee’s trademarks on the packaging of its recent collaboration with NBA star and Team USA member Kevin Durant.
Three years after PepsiCo divested its stake to private equity firm PAI Partners, the Tropicana Brands Group (TBG) has established a clear operational philosophy: act like a “$3 billion startup.”
