Headlines

Val Stalowir Named Reed’s CEO

In an interview with BevNET, Stalowir explained that, after investing in a new production facility in Los Angeles that went online last year, Reed’s is well-positioned to reduce costs and operate more efficiently moving forward.

Distribution Roundup: Roar, L.A. Libations Partner

Sports drink brand Roar Beverages announced a partnership with incubator L.A. Libations; Blossom Water picked up new placement in 750 grocery stores; Big Easy Bucha lands new distribution at Publix; Icelandic Glacial signs deal for distribution in China.

Caribe Seeks Growth With New Production Facility

With the long-term goal of further U.S. expansion firmly in its sights, the Sterling, Virginia-based cold-pressed juice company, which specializes in the tropical fruits and flavors of founder Luis Solis’s native Dominican Republic, has raised $2 million from a group of investors to build a new production and co-packing facility in the Dominican Republic which is set to go online this fall.

TemperPack Raises $10M To Upset Packaging Industry

SJF Ventures led the round, while other investors included Interplay Ventures, Third Prime Capital, Dolik Ventures, and Robert Beckler, the former president of packaging at WestRock.

First Beverage Closes $64M Second Fund

First Beverage CEO Bill Anderson told BevNet that the addition of new capital as well as new team members and investors would allow the firm to provide a broader range of insights from within and outside the beverage industry.

Hiball, Alta Palla Acquired By Anheuser-Busch

Founded by Todd Berardi in 2005, the acquisition of Hiball -- which markets a line of organic energy, coffee and protein drinks as well as Alta Palla, a line of organic sparkling juices and waters that debuted in 2016 -- marks A-B’s return to the energy drink category after a three year absence.

Revere Launches, Lands $2 M in Seed Funding

Plant-based, health startup Revere launched last week with plans of bringing personalization to athletes’ pre- and post-workout mixtures. Now, the direct-to-consumer drink mix company has announced it raised $2 million in a seed round led by Lerer Hippeau Ventures prior to the launch.

PepsiCo Names Ramon Laguarta as President

PepsiCo announced Thursday the appointment of Ramon Laguarta, CEO of the company’s Europe and sub-Saharan Africa division, as President effective Sept. 1, filling a position that has been vacant for nearly three years.

Video: Ten Years of VEB

BevNET Live Summer 2017 got off to a billion-dollar start last month with a presentation from Scott Uzzell, president and general manager of The Coca-Cola Company’s Venturing & Emerging Brands division (VEB).

Press Clips: Bevi Raises $16.5M to Expand Business

Bevi raises $16.5M in Series B funding round; NFL wide receiver under house arrest claims kombucha caused him to fail court-ordered breathalyzer tests; Land O'Lakes seeks to restore dairy growth with startup accelerator; Popular Science explores food waste; ACON Investments acquires Borden Dairy

People Moves: Ex-REBBL CFO Joins Sipp

Former REBBL Beverages CFO Jim Arsenault joins Sipp, KonaRed gains a new board member and an executive management shakeup at Long Island Iced Tea.

Koia Announces $7.5M Fundraise

As part of the round, Bill Moses, co-founder of probiotic beverage brand KeVita, which was acquired by PepsiCo last year, will join Koia’s board of directors.

Juicero Cuts Staff, Evans Steps Back

In a letter sent to employees on Friday and shared with BevNET, Juicero CEO Jeff Dunn explained that the staff reduction, which was mainly sales and marketing employees, would allow the company to shift towards “more focused investment on product development, manufacturing, shipping and improving our sourcing of organic produce.”