Sprecher Brewing Co. Acquires Juvee
Marking its third acquisition since 2021, Wisconsin-based beer and craft soda producer Sprecher Brewing Company announced today it has acquired functional energy drink brand Juvee for an undisclosed sum.
Brad Avery
Posts by Brad Avery
Monster Previews 2024 Innovations, Bang Refresh at Investor Meeting
With its business expanding amid a rising U.S. energy drink category, Monster Beverage Corporation projected confidence in its widening product portfolio during its annual investor meeting presentation yesterday.
Nutpods CEO Haydon on Acquisition: “We’re Just a Bigger Player Now”
Nutpods founder and CEO Madeline Haydon says the plant-based coffee creamer brand is only getting started following its acquisition today by Kroger-backed investment group MPearlRock.
VUUM Marries Protein and Energy with Sparkling Beverage Launch
It’s a protein drink. It’s an energy drink. And its founders believe it can be a superior alternative to both categories leading brands. Founded by a pair of USC graduates, Los Angeles-based startup VUUM produces a line of functional sparkling drinks made with 135 mg of caffeine and 10 grams of pea protein.
Carbonating Mix Brand Bobelo Makes a Break for Brick-and-Mortar
After years of operating as a small, under the radar brand sold online, powdered functional beverage maker Bobelo is making a serious push for retail. Based in Utah, Bobelo produces a line of better-for-you, functional drink mixes which add flavor and carbonation when poured into still water.
Distribution: Magic Mind Manifests in Sprouts
Functional shots brand Magic Mind will apparate into Sprouts Farmers Market stores across the country this month; Vietnamese coffee maker Nguyen Coffee Supply announced that all three of its ready-to-drink canned coffees will be included in Sprouts' Innovation Program.
Nielsen: Non-Alc Beverage Sales “Healthy” Over Christmas Despite Volume Declines
Non-alcoholic beverage sales “remained healthy” while volume sales worsened during the two-week period ending December 30, 2023, according to the latest analysis of NielsenIQ data by Goldman Sachs Equity Research. Dollar sales in the two-week period rose 3.4%, compared to +3.5% in the four-weeks and +8.2% in the 52-week period.
Oatly Launches Two New Plant Milks, Seeks to “Go Deeper with Existing Customers”
After several years focused primarily on innovating in the food space, Swedish plant-based products maker Oatly is getting back to basics with two new oat milk launches: Unsweetened Oatmilk and Super Basic Oatmilk.
Rainforest Distribution Acquires New England Distributor Associated Buyers
Rainforest Distribution Corp. has acquired New England natural and specialty foods distributor Associated Buyers, the companies announced this week. According to a press release, the companies will take roughly two months to transition the Associated Buyers’ network into the Rainforest system.
With Humm Acquisition, SYSTM Homes in on Gut Health
Yesterday, California-based CPG company SYSTM Foods announced it had acquired Humm Kombucha for an undisclosed sum. The deal now places the nearly 15-year-old brand under the command of SYSTM’s executive team, which also operates two other functional beverage acquisitions - REBBL and Chameleon Organic Coffee.
SYSTM Foods Acquires Humm Kombucha
SYSTM Foods, a joint venture between SYSTM Brands and CPG investment firm GroundForce Capital, have acquired Humm Kombucha, the companies announced today. Financial terms of the deal were not disclosed.
Target to Expand Sèchey-Curated NA Cocktail Set for Dry January
Just in time for Dry January, boutique non-alcoholic beverage retailer Sèchey and Target are expanding their partnership to curate an NA cocktail and wine set in stores this month, after a pilot run that began in December.
Danone to Divest Horizon Organic, Wallaby to Private Equity Firm
Danone has found a buyer for its premium dairy brands Horizon Organic and Wallaby, announcing today it has agreed to sell the businesses to investment firm Platinum Equity.
BevNET Live 2023: The Data Behind Disruption
In this numbers-heavy video from BevNET Live Winter 2023, Scott Dicker, market insights director at SPINS, offers insight into what is currently driving disruption in the beverage industry.