Bai Acquisition Still Settling for DPSG

DPSG spent $40 million in expenses for Bai during the spring, the company reported, half of which went toward marketing. An additional $49 million spent toward repaying debt contributed to the company’s 28 percent earnings drop.

Review: Humm Kombucha’s Seasonal Hopped Grapefruit

Humm’s seasonal offering for Summer 2017 is this product, a 14 percent juice-based kombucha that blends their kombucha with grapefruit juice (along with apple, pear, grape, and orange) and hops to create something that’s quite enjoyable.

Seattle’s Sound Kombucha On the Rise

From the name to the packaging to its presence at some of the city’s popular coffee chains and even on the Washington State Ferry, everything about Sound Kombucha is tied back to its roots in the local community.

Basemakers and Phoodie Merge

While Basemakers works with food and beverage brands to increase their visibility at retail, Phoodie uses a network of product demo specialists and event marketing professionals across the country to execute sampling initiatives.

Juice Served Here Heads East, Expands Grocery Presence

The cold-pressed juice maker, which began in 2012 as a Los Angeles-based brick-and-mortar chain of juice bars, have been steadily growing beyond its own locations and building a wholesale business at retailers, including Sprouts and Whole Foods.

Val Stalowir Named Reed’s CEO

In an interview with BevNET, Stalowir explained that, after investing in a new production facility in Los Angeles that went online last year, Reed’s is well-positioned to reduce costs and operate more efficiently moving forward.

Distribution Roundup: Roar, L.A. Libations Partner

Sports drink brand Roar Beverages announced a partnership with incubator L.A. Libations; Blossom Water picked up new placement in 750 grocery stores; Big Easy Bucha lands new distribution at Publix; Icelandic Glacial signs deal for distribution in China.

Caribe Seeks Growth With New Production Facility

With the long-term goal of further U.S. expansion firmly in its sights, the Sterling, Virginia-based cold-pressed juice company, which specializes in the tropical fruits and flavors of founder Luis Solis’s native Dominican Republic, has raised $2 million from a group of investors to build a new production and co-packing facility in the Dominican Republic which is set to go online this fall.

TemperPack Raises $10M To Upset Packaging Industry

SJF Ventures led the round, while other investors included Interplay Ventures, Third Prime Capital, Dolik Ventures, and Robert Beckler, the former president of packaging at WestRock.

First Beverage Closes $64M Second Fund

First Beverage CEO Bill Anderson told BevNet that the addition of new capital as well as new team members and investors would allow the firm to provide a broader range of insights from within and outside the beverage industry.

Review: Lion Dandelion Teas

Inside the bottle is a blend of organic dandelion root, organic dandelion leaf, and organic dandelion flower to create an herbal base that’s used across the brand's four flavors. The company positions the products as prebiotic teas with medicinal benefits, which is a different pitch than what you’ll find with traditional teas.

Hiball, Alta Palla Acquired By Anheuser-Busch

Founded by Todd Berardi in 2005, the acquisition of Hiball -- which markets a line of organic energy, coffee and protein drinks as well as Alta Palla, a line of organic sparkling juices and waters that debuted in 2016 -- marks A-B’s return to the energy drink category after a three year absence.

Revere Launches, Lands $2M in Seed Funding

Plant-based, health startup Revere launched last week with plans of bringing personalization to athletes’ pre- and post-workout mixtures. Now, the direct-to-consumer drink mix company has announced it raised $2 million in a seed round led by Lerer Hippeau Ventures prior to the launch.