The Coca-Cola Company today announced the acquisition of premium sparkling mineral water brand Topo Chico through its Venturing & Emerging Brands (VEB) unit for a reported fee of $220 million. The acquisition of Topo Chico, founded in Mexico in 1895, gives Coke a leading brand with strong consumer affinity, particularly in Texas, within the rapidly growing $4 billion sparkling water category.
Under the Obama administration, brands had until July 26, 2018, to adjust all packaging. With the new extension, manufacturers with $10 million or more in annual food sales will now have until Jan. 1, 2020; manufacturers with less than $10 million in annual food sales have until Jan. 1, 2021.
Episode 77 features an interview with Impossible Foods founder and CEO Pat Brown, "lessons from the trenches" with Koa founder Adam Louras, and a chat with Royce Pinkwater, the founder and CEO of Bonta Hydration, in this week’s Elevator Talk.
Super-premium nut milk brand MALK continues to make headway in the conventional grocery channel and recently expanded its presence at Whole Foods.
In April, Harvest Soul moved into a 30,000 sq. ft. cold production facility, giving it added capacity that has enabled the company to grow more rapidly, Kevin Quirk said. The facility is also an USDA organic certified co-packer, and Harvest Soul is currently working with 10 clients.
For decades Hudson News Distributors has been one of the leaders in the magazine and book direct store distribution network, servicing more than 15,000 retail stores in the Northeast U.S. But this year, the company has decided to “wet” its palate, adding a CPG beverage leg that counts LaCroix, Nestle Waters, and now Hint in its growing portfolio.
In this video interview from Expo East, BevNET assistant editor Martin Caballero talks with Detox Water founder Kenneth Park about the company's retail expansion and new innovations, recent investment in the brand, and how Detox Water has found success in building a consumer base at music festivals.
Continuing throughout the 90’s with its combination of brick & mortar, home delivery, and mail order sales operations, the company has begun a much more intense period of expansion over the past 10 years, expanding from five to 18 stores since 2007, with added locations in New Jersey, Pennsylvania, Virginia, and the District of Columbia.
In this Press Clips roundup, Brigham Young University brings caffeinated soft drinks back after an over 50 year hiatus, Yoko Ono sues to protect image rights for John Lennon from a Polish beverage brand, and the U.K. becomes a major consumer of coconut water.
Although they still only make up a fraction of the category, innovation and unique marketing strategies within the paper-packaged sector are driving growth and attracting loyal, socially-conscious consumers, banking on millennials to lead the charge.
Existing lines Capri Sun Organic, Capri Sun 100% Juice, and Capri Sun Fruit & Veggie Blends (previously known as Super V) will now feature no added sugar. In an email to BevNET, Melanie Huet, vice president for Capri Sun, said the decision to reformulate was partially based on consumer feedback.
In a video interview with BevNET, Theresa Pham, co-founder of Dallas, Texas-based Holy Kombucha, spoke about the Lone Star State’s growing kombucha scene and how the brand is transitioning from the natural channel into conventional retailers. Pham also discussed the company’s revamped packaging and evolving flavor profiles that integrate functional ingredients like ashwagandha and yerba mate.
Speaking with the company’s U.S. general manager Mike Messersmith at Natural Products Expo East 2017, held Sept. 13-16 at the Baltimore Convention Center in Baltimore, Md., BevNET reporter Brad Avery gets the word on how the company intends to compete within the U.S. market and why it believes oat milk offers dairy-free consumers a high quality alternative to other alt-milks.
Episode 76 features a wide-ranging interview with Spindrift founder/CEO Bill Creelman, we explore the emergence of MCT oil, and chat it up with James Fayel, the founder and CEO of Zest Tea, in this week’s Elevator Talk. This episode is presented by Algarithm Ingredients.
