Headlines

Liquid I.V. Secures $5M Series B Round

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.

Fueling the Fire: CAVU Invests $8M in Kettle and Fire

Can bone broth be the next kombucha? Investment group CAVU Venture Partners thinks so. The fund announced today an $8 million series A investment in upstart bone broth brand, Kettle and Fire

Coke Acquires Moxie from New England Bottler

The Coca-Cola Company has purchased cult favorite soda brand Moxie from independent bottler Coca-Cola of Northern New England (CCNNE) for an undisclosed sum, the company announced today. The transaction is expected to close in the fourth quarter.

Law & Policy: California Soda Tax Battle Continues

California bans new soda taxes for the next 12 years, while also moving to remove sugary drinks as the "default beverage" item at kids' menus at restaurants. Also, Red Bull wins a trademark lawsuit and Coca Cola Refreshments USA settles a bias complaint for $2.25 million.

Stay Fresh Foods Doubles Co-Packing Capacity

Connecticut-based high pressure processing (HPP) provider Stay Fresh Foods has doubled its annual co-packing capacity to more than 50 million bottles with the expansion of its facility in Pennsauken, New Jersey.

WTRMLN WTR Launches Sports Line

WTRMLN WTR is cutting into the sports drink space with the launch of its WTRMLNSLCE, an enhanced watermelon water that includes electrolytes and only 2g of natural sugar without artificial sweeteners.

Nielsen: Beverage Sales Rise Across All Channels

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 Acquires SodaStream For $3.2 Billion

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.

People Moves: Celsius Names Full Time CFO

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.

Ethan’s Launches MCT Shot Line

The company announced the new four-SKU MCT Shot line last month, including Coffee, Matcha, Orange Cacao, and Turmeric Ginger varieties. Each product uses a base of 8g of MCT oil with added organic ingredients.