Headlines

People Moves: ‘Exclusive Beverage’ Founder Joins Jones Soda

Steve Gress joins Jones Soda as executive vice president of U.S. sales; IZZE co-founder becomes advisor at Top Note Tonics; John Blackington enters hemp-infused market with role at Rocky Mountain High Brands; Former Coke, Juicero VP joins Koia

Dairy Farmers of America Acquires Cumberland Dairy

Dairy cooperative Dairy Farmers of America (DFA) announced last week that it had acquired New Jersey-based Cumberland Dairy, a family-owned producer of ultra-pasteurized food and beverage products, for an undisclosed sum.

KonaRed Closes Capital Raise With Venice Brands

Hawaiian coffee company KonaRed has closed a “significant capital raise” from venture capital fund Venice Brands, which will be directed towards supporting sales, marketing and distribution of the brand’s range of coffee products.

Plant-Based Brands Lobby Against Dairy Pride Act

Last week, representatives from dairy alternative producers including MALK, Good Karma Foods, New Barn and Oatly traveled to Washington to argue against the Dairy Pride Act.

Quietly Building, Cascadia Capital Starts to Spread Its Bets

In order to distinguish themselves within the highly competitive food and beverage space, Seattle-based investment firm Cascadia Capital must identify the right opportunities -- and get to them before their rivals do.

Starbucks Announces TAZO Sale to Unilever

Starbucks Corporation today announced an agreement to sell the TAZO tea brand to Unilever for $384 million, a move that will allow the Seattle-based coffee giant to focus on supporting its other premium tea brand, Teavana.

Nestlé Acquires Chameleon Cold-Brew

Nestlé USA today announced its acquisition of Chameleon Cold-Brew for an undisclosed sum, roping the Austin, Tex.-based brand into its widening coffee portfolio.

Hello Beverages Bring On IBC To Shape Growth in 2018

Hello Beverages recently partnered with InterContinental Beverage Capital (IBC), a New York-based middle market advisory group with a focus on CPG industries, to help shape and execute their ambitious plans for growth in the coming year.

NACS 2017 Video: HEYDAY Founder On Filling a Gap in Coffee

Speaking with BevNET, founder and CEO Bart Smith discussed his vision for the company -- which is his first foray in the beverage industry -- and how HEYDAY is positioning itself as an affordable, tasty, and non-indulgent cold brew.