Monster filed a complaint against Vital, which markets Bang under its VPX Sports label, in U.S. District Court for the Central District of California on Tuesday.The complaint takes aim at specific claims by made by VPX that Bang can treat chronic diseases and even “reverse mental retardation.”

Master Beverages COO Aleks Veygs talked about how the Brooklyn-based distributor, via a network of relationships and partnerships throughout the industry, brings value to the brands they work with.

The Coca-Cola Company today announced it has reached an agreement for the acquisition of London-based coffee company Costa Limited. The deal, valued at $5.1 billion, is the largest brand acquisition in the company’s history and is expected to close in the first half of 2019.

As the result of a larger strategic review of operations initiated in May, Campbell Soup today announced plans to sell off its Campbell Fresh division, which includes brands such as Bolthouse Farms, Garden Fresh Gourmet and its line of refrigerated soups.

Consumer water technology company Mitte has secured a $10.6 million seed round of investment led by Danone Manifesto Ventures (DMV), the venture capital arm of French food and beverage conglomerate Danone. DMV is focused on providing financial capital to innovative and healthy food and beverage companies.

Hydration powder mix brand Liquid I.V. today announced the close of a $5 million Series B round of fundraising led by San Francisco-based online investment platform CircleUp Growth Partners and includes powerhouse music manager Scooter Braun.

Malk Organics is now available nationwide at Whole Foods, while Protein 2o makes a push into the South and KeHE lands a pair of new functional beverage brands.

Overall snack and non-alcoholic beverages sales were up 5 percent during a four-week period ending on August 11, according to a report on Nielsen all-channel data by Wells Fargo Securities.

PepsiCo this morning announced it has entered into a $3.2 billion agreement for the purchase of Israel-based SodaStream International Ltd., makers of tabletop machines that allow users to make carbonated water in reusable bottles.

Celsius has named Edwin Negron-Carballo as the company's new CFO, who told BevNET his experience in supply chain logistics and distribution can help correct inventory shortfalls that impacted the company's Q2 earnings. Also, NWNA and Kohana Coffee get new hires, while Hoist appoints an advisory team.

New Age Beverages reported revenues of $15.2 million for the second quarter of 2018, a 2 percent decrease from the same period last year, in an earnings call yesterday.

The Coca-Cola Company today announced it has agreed to purchase a minority stake in BodyArmor, a move that will see the sports drink brand exit its distribution partnership with Keurig Dr Pepper (KDP) and enter Coke’s nationwide bottling system.