Cocktail Crate Acquired by Traverse City Whiskey
New York-based premium mixer brand Cocktail Crate has been acquired by craft distillery Traverse City Whiskey Co., the company announced yesterday. 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
Owen’s Craft Mixers Closes $3M Round
New York-based Owen’s Craft Mixers announced today it has closed a $3 million Series A fundraising round led by Levy Family Partners.
NACS 2019 Recap: PepsiCo and Nestlé Debut 2020 Innovation; Kombucha Takes On Convenience
In this recap of news from the National Association of Convenience Stores (NACS) 2019 trade show, we cover new innovations across PepsiCo's family of products, examine how Nestlé Waters is tilting towards more functional offerings, and track the growth of the kombucha category in c-stores.
BevNET Magazine Feature: The Shape of Water
While consumer buying habits and nutrition trends are providing healthy tailwinds for the nascent category of kids water, developing a strong identity — to say nothing of building a business around that concept — remains a challenge for all involved, particularly in the face of declining sales for the entire kid-positioned beverage market.
NACS 2019: Energy, Coffee Highlight Coke’s 2020 Innovations
In this interview recorded at NACS 2019, BevNET managing editor Martin Caballero spoke with James Ford, Coca-Cola’s VP of category strategic advisory, about the company’s product showcase, including the highly anticipated U.S. launch of Coca-Cola Energy, the development of Coke’s expanding coffee portfolio, and how the brand is strategizing for growth in the convenience store channel.
PepsiCo: Revenue Momentum Continues in Q3
PepsiCo beat analysts’ expectations in posting 4.3% organic sales growth in the third quarter of this year, according to financial results released by the company on Thursday.
Celsius Adds BCAA Line, Acquires Distributor
Fitness energy drink brand Celsius is entering the final months of 2019 with a flurry of activity, including introducing a new recovery beverage, launching a nationwide marketing tour and acquiring one of its European distributors.
Coke Energy Set for U.S. Launch in January
The Coca Cola Company today announced January 2020 as the U.S. launch date for its first energy drink, Coca Cola Energy.
Reed’s: Stalowir Exits, Bello Steps in as Interim CEO
Carbonated soft drink maker Reed’s Inc. today announced the appointment of John Bello, the company’s current chairman of the board, as interim CEO following the sudden departure of Val Stalowir, according to a press release.
B’More Organic Shuts Down
The Baltimore-based brand, launched in 2011, marketed a line of drinkable skyr -- a traditional protein-rich Icelandic yogurt -- in six flavors: banana, strawberry, mango banana, caffe latte, vanilla and coconut. A certified B Corporation, the brand donated 1% of sales to Jodi’s Climb for Hope, which raises money for breast cancer and MS research.
Califia Farms Launches Oat Milk Lattes
Califia Farms is making the jump into shelf-stable beverages with the launch of a four-SKU line of nitrogen-infused cold brew lattes made with oat milk, a move that will facilitate expansion into e-commerce and convenience channels.
Expo East 2019 News Recap Pt. 2: Innovations in Kombucha, Novamax Consolidates Portfolio
In the the second news recap from Natural Products Expo East 2019, we examine a continuing migration towards can packaging for kombucha, a growing presence for sleep aids, and portfolio consolidation at Novamax.
Wells Fargo: Modest All-Channel Gains Over Labor Day
Non-alcoholic beverages enjoyed a decent end to the summer season, as carbonated soft drinks (CSDs), energy drinks, water and several other key categories reported increases in dollar sales and volume, according to a Wells Fargo Securities analysis of Neilsen all-channel data.
Iris Nova Announces First Brands in Investment, Distribution Portfolio
Functional beverage company Iris Nova has announced the first four beverage brands to be featured on the company’s “c-commerce” platform, which allows customers to order via text message and receive product within two days. The company has also taken an equity stake in each of the brands.