Suja Acquired By PE Firm Paine Schwartz
Cold-pressed juice brand Suja Life has been acquired by investment group Paine Schwartz Partners, the company announced today. Financial terms of the deal were not disclosed.
Martín Caballero
Managing Editor, BevNET
Martín writes news articles and feature stories covering the non-alcoholic beverage industry for BevNET. A graduate of Boston University, Martín's previous work has appeared in USA Today, The Boston Globe and The Boston Herald.
Posts by Martín Caballero
Nielsen: Overall Gains Offset By Growth Slowdown
Non-alcoholic beverage sales slowed across all channels over the two-week period ending on July 3, 2021, according to an analysis of Nielsen data by Goldman Sachs Equity Research. Yet overall growth remains positive — on a two-year stack basis, total non-alcoholic sales are up 15.5% — and growing momentum behind the on-premise channel (+5.1% over the two weeks) are causes for optimism.
See Jane Drink: Cannabis Bevs Find Female Following
Even as new products and brands continue to pop-up across regulated states, it’s the growing presence of women in the cannabis beverage category that has some seeing a bigger future.
Distribution Roundup: Better Booch Debuts at Walmart; GNGR Expands in Northeast
California-based Better Booch is seeking to drive that momentum behind a push into conventional retailers, including Walmart. Elsewhere, GNGR Labs partners with Dora's Naturals to expand within New York City and beyond.
X2 Closes $16M Funding Round, With NFL’s Barkley Joining
Sports performance drink maker X2 has announced the close of a $15 million round of Series D financing led by L Catterton and highlighted by participation from NFL running back Saquon Barkley.
NessAlla Kombucha Revived Post-Bankruptcy
After declaring bankruptcy last year, Wisconsin-based NessAlla Kombucha has been acquired and revamped by newly formed Upside Beverage Co.
Distill Ventures Launches ‘Pre-Accelerator’ Aimed at Boosting Diversity in Spirits
As part of a process intended to increase diversity within the alcoholic beverage industry, Diageo-backed spirits investment group Distill Ventures has announced the launch of a Pre-Accelerator program dedicated to supporting early stage founders from underrepresented demographic groups.
Waterdrop Opens First U.S. Retail Location
Following its U.S. debut online earlier this spring, European “micro drink” brand Waterdrop has opened its first domestic retail location in Miami.
Aura Bora Closes $2M Seed Round
Fruit and botanical-infused sparkling water brand Aura Bora announced Tuesday the close of a $2 million seed round of funding. The San Francisco-based brand, co-founded by CEO Paul Voge and his wife Maddie, has been one of the buzziest new names in sparkling water since launching in 2020, offering five zero-calorie flavors.
Myracle Kitchen Enters U.S. Market With Barista Mylk Blend
British holding company Nurture Brands is launching a unique Barista Mylk, developed in partnership with coffee expert James Hoffman, as the first entry for its North American plant-based milk brand, Myracle Kitchen.
Distribution Roundup: Elegance Brands Opens California Self-Distribution Hub; Kroger Takes Jones Soda Special Release Series
In this week's distribution roundup: CBD energy drink company, Elegance brands opens a self distribution center to serve over 1,400 San Bernardino and Los Angeles metro area retailers, Kroger now carries Jones Soda special release series, and updates from C4 Energy, TEAKOE, and more.
VYBES Branches Beyond CBD With Adaptogenic Elixir Line
California-based VYBES has released its first line extension, a sparkling Adaptogenic Elixir that does not contain CBD.
Nielsen: Slight Pre-Summer Slowdown in Non-Alc Bevs
Non-alcoholic beverage sales decelerated slightly over the two-week period ended on May 22, according to an analysis of Nielsen data by Goldman Sachs Equity Research.
Snowing In Space, Grit Coffee Merge Operations Under Bread & Table
Bread & Table, the parent company of Virginia-based roaster and retailer Grit Coffee, has acquired specialty coffee brewer Snowing In Space.