California based supplements brand Nouri is branching out into the beverage set with its latest innovation, Inner Immune, a line of immunobiotic functional drinks intended to promote gut health and immunity.
After a period of fits and starts, SoCal-based premium juice brand Juice Served Here (JSH) is back in limited distribution.
![Coke Acquires BodyArmor for $5.6B [Updated]](https://dg6qn11ynnp6a.cloudfront.net/wp-content/uploads/2018/08/14121335/CocaCola_Bodyarmor_970-680x680.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.
The Coca-Cola Company is in the closing stages of completing its acquisition of sports drink brand BodyArmor at a valuation of around $8 billion, according to media reports.
“Don’t drink your calories” is a classic piece of health advice, and American consumers are increasingly following it as average overall calorie consumption from beverages has fallen 10% since 2014, according to a new progress report on the Beverage Calories Initiative (BCI).
Investment firm Full Sail IP Partners announced today it has acquired the Odwalla brand from The Coca-Cola Company. Terms of the transaction were not disclosed. This is the first acquisition for Connecticut-based Full Sail, which aims to be “an acquirer of leading brands” with a “sector agnostic” approach to building its portfolio, according to CEO Alan Kravetz.
Beverage maker Koia has landed a major new partner in its mission to popularize plant-based diets: last week, the company announced that NBA All-Star point guard Chris Paul has joined the brand as an investor.
PepsiCo has taken a major step back from the juice business through the sale of Tropicana, Naked and its other juice brands in North America, the company announced this morning.
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.
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.
Rowdy Energy announced today that it has raised $13 million in a fundraising round intended to shore up the brand’s marketing initiatives and finance new innovation. Launched last year, Rowdy Energy is a better-for-you energy brand founded by CEO and Suja founder Jeff Church and NASCAR star Kyle Busch.
On this edition of Product Showcase, you’ll hear about the latest product innovations and brand updates from Happy Moose, Karuna Beverages, Uncle Matt’s Organic, Monfefo, Garden of Flavor, Suja Organic, Vive Organics and JUICERA.
The nominees and finalists for BevNET’s “Best of 2020” Awards reflect the variety and strength within the beverage industry both in front of and behind the scenes, whether it’s delivering bold new innovation and inspiring product concepts, executing effective marketing, or managing operations and supply chain in an unpredictable economic climate. For the first time, BevNET accepted nominations for the 2020 awards, resulting in a wide field of over 320 brands, products, campaigns and individuals that reflected the diversity and rich tapestry of our industry.
Probiotic juice shot maker So Good So You is getting a boost of its own with today’s announcement that the Minneapolis, Minnesota-based company has closed a $14.5 million funding round led by Prelude Growth Partners.
