Llanllyr Source is targeting premium mixers in an expansion of its natural spring water line.

Starbucks CEO Howard Schultz announced Thursday he will step down from the position effective in April.

The Ft. Lauderdale, Fla.-based company, which includes the highly popular sparkling water brand La Croix in its brand portfolio, saw revenue increase from $364 million to $420 million over the first half of FY2017

The deal represents a major expansion for the Los Angeles-based brand, bringing Cactus Water’s total distribution to roughly 2,000 stores in the U.S. and Canada, according to Caliwater co-founder Matt McKee.

In an interview with BevNET, Jerry Reda, the COO of Big Geyser, said his belief in the management and marketing team at Minnesota-based food conglomerate Hormel Foods, which acquired Muscle Milk parent company CytoSport Holdings in 2014 for approximately $450 million, was a key component of the deal.

In this week's edition of Press Clips: Tiger Woods gets Monster money. Coke's small play pays. Jones Soda gets gamer specific. Club Yerba Mate? Coffee, vinegars and functional drinks star at PLMA.

It wasn’t a sale, it was an adoption, said the Bai CEO of the $1.7 billion DPSG deal.