Sol-ti Raises $30M, Deepens Positions In Functional Shots
Glass-bottled shot maker Sol-ti raised $30.3 million in equity investment earlier this year as it positions for expansion in retail and foodservice.
Headlines
Hain Celestial Divests International Business, Will Put Proceeds Towards Debt
The Hain Celestial Group is exiting the global market as the New Jersey-based conglomerate announced today it is selling its international business to private equity firm Aurelius for approximately $323 million.
Taste Radio: From $2M To $24M In Three Years. Why Katie’s Is Thriving.
Katie’s, a chef-driven Italian CPG brand, has gone from $2 million in revenue to over $24 million in just three years and founder Katie Lee is still running the business like a restaurateur. She shares how she built a national brand with chainwide distribution at Target and Sprouts while staying fiercely committed to the food, culinary standards and restaurant experience that set Katie’s apart.
Diageo Leverages Core Brands Into Low-Alc
Diageo, the first major spirits company to scale non-alc spirits alternatives, is building a mid-strength range in the UK.
Review: PopSips Soars With Spiked Prebiotic Soda
PopSips is one of a handful of products that attempts to answer the question: What if we took the trend of prebiotic “better-for-you” sodas, and brought it into alcohol?
From ‘Downrange’ to Retail: Echelon Brings New Take on Military-Grade Energy
How does a high-performance energy drink brand built for hardcore special military operatives make the jump to the mainstream? A lot less seriously than you might think.
People Moves: Guru Energy Shakes Up Leadership
GURU Energy is searching for a new permanent CEO while Swiss supplement brand KA-EX just appointed a North America-focused chief executive.
Taste Radio: What Goodles’ $500M Acquisition Says About CPG Innovation
This week, we dig into Barilla Group’s acquisition of Goodles and how the mac and cheese brand’s success reflects growing demand for better-for-you versions of familiar, legacy products. We also look at David Protein maker Medici Brands’ $2.2B valuation following its Series B raise, the launch of its better-for-you candy brand HallPass and how the company is rethinking two of the most familiar formats in CPG.
Southern Glazer’s to Pay $12.5M to Resolve Federal Probe into Bribing Chain Retail Buyers
Southern Glazer’s Wine & Spirits has entered into a non-prosecution agreement with the justice department and federal regulators to pay $12.5 million.
U.K.-based MOTH Bets $15M On U.S. Growth As Premium RTDs Surge
Premium canned cocktail brand MOTH has raised $15 million as it positions for growth in the U.S. and in the U.K.
New Products: Apple Soda For Olipop, Proda & Culture Pop
This week, apple flavors are trending among soda brands as other seasonal varieties hit store shelves in anticipation of the holidays.
Inside David Protein’s Strategy To Shake Up RTD Protein
David Protein founder Peter Rahal provides details on his brand's approach to the RTD protein shake category.
CPG Week Podcast: Goodles’ Great Deal And Rahal’s Big Week
This week, the podcast tackles M&A deals from Goodles’ and Barilla to Keurig Dr Pepper and Chobani with additional insights on Nestlé’s divestments and Peter Rahal’s Medici Brands.
Whey Supply Crunch Opens Door for Alternative Proteins
As whey protein costs remain elevated, some manufacturers are considering whether alternative protein sources or other recipe variations can fill the gap.