News

Bai-Popping Number: DPS Investment Based on $500M Valuation

Bai CEO Ben Weiss today revealed that Dr Pepper Snapple Group’s (DPS) $15 million acquisition of a minority stake in his company was based on a half-billion dollar valuation. The deal gives DPS a 3 percent ownership position in Bai, which also recently secured a $25 million line of credit from global investment banking firm J.P. Morgan Chase.

Dr Pepper Snapple Acquires Minority Stake in Bai Brands

Eighteen months after signing a national distribution deal with Dr Pepper Snapple Group (DPS), Bai Brands, which has grown at a torrid pace in the timeframe, has sold an equity stake to the beverage titan.

Kind Warning: “Healthy” is a Regulated Term

The food and beverage industry was recently reminded that specific criteria needs to be met when using the word “healthy” on product labels. That reminder came in the form of an FDA warning letter sent to Kind LLC, the maker of Kind snack bars.

Sam Lteif Named CEO of Juice Tyme and Lemon-X

The companies are being combined by their joint owner, Dallas-based Highlander Partners, following Highlander's acquisition of Lemon-X in March.

PowerICE Now Sold at Bashas’

Each PowerICE bar has the daily recommended intake of Vitamin C but with only 30 calories, 8 grams of sugar and no high-fructose corn syrup.

Zodiac Vodka Expands Distribution to California

Zodiac Vodka’s debut in California is part of the first phase of a national distribution rollout outside of Texas, which also includes Florida, Tennessee and South Carolina, according to the company.

Vital Juice Ceases Operations, Founder Seeks Buyer

Edward Balassanian, the founder and CEO of Vital Juice, told BevNET that the decision to shut down was the result of several factors, one of the most significant being the remarkable pace at which the cold-pressed juice category is evolving.

Press Clips: Meet the Soda Sommelier

Kathrine Larsen, winner of the United Kingdom’s 2014 Sommelier of the Year award, is taking her tasting talents to soda.