Latin American beverage tech company Beliv announced this month that it has acquired New Orleans-based probiotic beverage maker Big Easy, giving the multinational company a foothold in the U.S. market. Terms of the deal were not disclosed.
A pair of beverage alcohol e-commerce platforms are merging. E-commerce luxury spirits platform ReserveBar announced today that it will acquire Minibar Delivery, a marketplace that offers on-demand delivery of beer, wine and spirits. The transaction is expected to close this week. The companies declined to disclose a sale price.
Coconut smoothie producer Genius Juice, in a partnership with BLD Capital, has acquired a “significant stake” in refrigerated bar maker Bright Foods, the company announced today. Terms of the deal were not disclosed.
Despite supply chain challenges presenting significant headwinds, Monster Energy Company beat analyst expectations by reporting 13.2% net sales growth to $1.41 billion in its Q3 2021 earnings report, released yesterday.
PepsiCo has been ordered to stop using the “MTN Dew Rise Energy” name for its branded energy drink line this week after a New York judge ordered a preliminary injunction against the conglomerate in a trademark infringement lawsuit, handing a temporary victory to cold brew coffee maker Rise Brewing Co.
Black Rifle Coffee Company is going public after it announced this week it will merge with a special purpose acquisition company (SPAC) in a deal that values the military-focused brand at $1.7 billion.
After 14 years in business, premium sparkling water maker Found is no stranger to reinventing itself. Now, after the pandemic forced the international company to overhaul its strategy, the brand is relaunching again with new funding, a new headquarters and a new name.
All channel non-alcoholic beverage sales continue to show their strength as dollar sales accelerated in the period ending October 23, rising 13.2% in the two-weeks, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research. Total dollar sales were up 27% in the period on a two-year stacked basis.
Toronto-based canning company Wildpack announced today it has acquired Michigan-based Land and Sea Packaging for $26.1 million, as well as common shares of Wildpack with an aggregate value of about $11.2 million.
![Coke Acquires BodyArmor for $5.6B [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2018/08/14121335/CocaCola_Bodyarmor_970-150x150.jpg)
The Coca-Cola Company announced today that it has acquired full control of sports drink maker BodyArmor for $5.6 billion, its largest acquisition to date. The beverage giant is exercising its option to purchase BodyAmor in full at a pre-existing discount, as included in a 2018 deal that gave Coke U.S. distribution rights to BodyArmor and a 15% stake in the brand.
Buoyed by strong third quarter earnings results this week, Keurig Dr Pepper (KDP) has raised its 2021 net sales growth guidance from 7% to 8% for the year as the company benefits from increased consumer mobility and approaches the end of its three-year post-merger period.
The Coca-Cola Company reported “strong” double-digit revenue growth in its third quarter earnings results this week, leading to higher year-end projections as volume sales surpassed 2019 levels amid an “asynchronous” pandemic recovery.
In this week's distribution roundup: Zen Hemp Infusions expands through PFG; KeHE signs new contract with Erewhon; Alkaline88 partners with Ohi and GNC and Woke Up! Energy signs on with Mr. Checkout Distribution.
Citing recent supply chain challenges, Credit Suisse lowered expectations for the company’s sales performance ahead of the release of its Q3 2021 earnings report next month. The revised coverage has decreased expected 2021 revenue for the Swedish oat milk maker from $694 million to $685 million.
