Growth equity investment firm Alliance Consumer Growth (ACG) announced today it has closed on a new, $160 million fund, the company’s fifth. The new fund brings ACG’s lifetime financing to over $1 billion in aggregate capital commitments, the firm said.
In this video from BevNET Live Summer 2024, Lowes Foods SVP of merchandising Glenn Figenholtz walks through the chain’s experiential approach to grocery shopping that includes bells, beer dens and the Chicken Dance.
WET Hydration will be sporting a new look next month with a rebranded 12 oz. can design debuting on July 15, featuring a more vibrant array of colors intended to help the hydration drinks pop on shelf and reposition the product as a “Wellness Water.”
Non-alcoholic beverage sales accelerated in the 52-week period ending June 15, 2024 as volumes picked up to offset “broadly stable pricing growth,” according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Natural foods business SunOpta has completed a $26 million expansion of its Modesto, Calif. production facility, the company announced today, allowing it to increase its oat milk output by more than 60%.
Generous Brands, the independent beverage producer behind Bolthouse Farms and Evolution Fresh, has entered an integrated partnership with Sambazon to make the brand’s bottled açaí juices and smoothies, and to sell and distribute the brand across the U.S. and Canada.
Since launching in 2021, Los Angeles-based tepache brand De La Calle has been working to bring a classic Mexican beverage to the U.S. market. Now repositioned as a “Modern Mexican Soda,” the brand is intent on bringing more Hispanic consumers into the fold.
Chris Hunter is well aware that his current health and wellness-oriented lifestyle and role as the CEO of plant-based protein drink maker Koia are not what anyone expected from him when he first set out to become an entrepreneur – himself included.
Koia has built its reputation in the cold box, but in order to achieve its next stage of growth the company is breaking onto the dry shelf with this month’s launch of Koia Nutrition Shakes, its first shelf-stable offering.
Today, Primo Water Corporation and an affiliate of BlueTriton Brands announced the two water giants have entered a definitive agreement to merge, creating a new combined entity called NewCo, effectively taking the largest manufacturer of bottled water in the U.S. public.
Since its founding in 2015, the CPG sales agency, specializing in retail execution for emerging brands, has grown to over 100 clients in 35 states, with 85 full time employees and plans to expand the team to over 100 by January 2025. The firm works with companies such as Olipop, Poppi and Guayaki, among others.
Non-alcoholic beverage sales accelerated during the two-week period ending June 1, with volume sales picking up as pricing eases, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
CPG services provider Advantage Solutions Inc. and innovator platform L.A. Libations (LAL) are forming a joint venture, dubbed Relentless Advantage, to help LAL-affiliated brands to expand nationwide more readily outside of the company’s SoCal backyard.
Mocktail Club, maker of a line of non-alcoholic canned cocktails, announced today it has received an investment from spirits industry capital and brand building firm Pronghorn, aimed at helping the Washington, D.C.-based business expand across the country.
