North Carolina-based organic beverage maker MATI Energy has shut down production as it prepares to cease all operations, the company announced on its website and social media channels on Friday. MATI CEO Eric Masters said the decision to shutter the company was made within the past two weeks after attempts to secure new funding to sustain operations failed.
![Keurig Dr Pepper Acquires Limitless [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2020/01/23181355/bevnet_Dr-Pepper_Limitless_thumbnail-150x150.jpg)
Keurig Dr Pepper (KDP) has acquired Chicago-based caffeinated sparkling water maker Limitless for an undisclosed sum, the company announced today. Founded in 2016, Limitless produces a line of zero calorie sparkling waters containing 35 mg of caffeine per 12 oz. can.
Utilizing the entire coconut to minimize its carbon footprint and maximize profitability has been a long-term goal for Harmless Harvest and its CEO Ben Mand. At Winter Fancy Food Show 2020, held January 19-21 in San Francisco, the company unveiled an expanded food and beverage portfolio that delivers on that goal.
Chicago-based powdered and frozen beverage maker Jel Sert has acquired hydration drink brand All Sport from Keurig Dr Pepper (KDP) for an undisclosed sum, the company announced this week. The company had been producing All Sport for KDP for several years prior to its acquisition of the brand last month.
Tribucha Grows in Grocery; Rise Adds 2,000 Kroger Doors, Partners with Nestle ReadyRefresh; Detoxwater Expands in CVS, Adds Winn-Dixie and Bi-Lo; Pillars Grows to Over 2,000 Doors; Navy Hill Goes Chainwide in Earth Fare, World Market; CHERRiSH Adds Albertsons/Safeway
Two years after the launch of its sparkling energy drink Hustle, New York-based startup MatchaBar is introducing new branding and flavors for the line, now called “Hustle by MatchaBar.” The revamped products will feature new labelling and be split into two product lines: Hustle Energy and Hustle Tea.
Last month, four meal replacement beverage makers -- Soylent, Keto & Co., Huel and Après -- announced new products and brand refreshes that play on rising trends such as brain function, keto and better-for-you functionality.
Founded in 2017 by CEO Ari Tolwin and CPO Joseph Savino, Numilk has developed a proprietary vending machine capable of producing nearly any type of plant-based milk. Speaking with BevNET, Tolwin, who previously served as the founder and CEO of Happy Tree Maple Water, said the fountain model allows Numilk to immediately adjust to changing consumer and market demands.
Aiming to triple its distribution and open up West Coast production, Oatly has partnered with Starbucks to serve as the coffee retailer’s on-premise oat milk supplier for a test run in 1,300 Midwest cafes.
Facing several lawsuits from former customers accusing him and his business partner of fraud, Prabhath Kasaraneni, the owner of Texas-based copacker Optimus Fulfill, has filed for bankruptcy, placing his company and assets up for liquidation.
Plant-based beverage maker OWYN has raised $7.5 million in a financing round led by Powerplant Ventures, the company announced today. Powerplant co-founder and partner Mark Rampolla will join the brand’s board of directors.
Silverback Draft Tea Expands to 250 Doors; Clear/Cut Phocus Adds Tops Friendly Market Stores; Rocky Mountain High Brands Grows Distribution for HEMPd Line; Queen City Hemp Expands in Midwest, Southeast; Glanbia Partners with Kalil Bottling Company for Optimum Nutrition Expansion
Following a year plagued by out-of-stock issues and high shipping costs, plant-based food and beverage brand New Barn is scaling back retail distribution for its product portfolio to service only the West Coast as it focuses on integrating an omnichannel strategy in 2020.
While dairy will remain on top for the foreseeable future, the cold case is changing today. Dairy industry leaders, however, may be more prepared for that change than anticipated.
