Great Range Capital, a Kansas City, KS-based private equity firm, recently led a team of investors that have acquired a majority stake in Mountain Valley Spring Co., the 140-year-old company known for its domestically produced premium bottled water.
A lot of the time in the CPG space, the earliest investors you line up will themselves be successful entrepreneurs who recognize the potential for your product. But do you ever wonder how those experienced food and beverage entrepreneurs think about what companies to invest in themselves? Seth Goldman, co-founder & TeaEO, Honest Tea, has invested in several startup food and beverage companies over the years — and shared this piece with BevNET Food & Beverage University.
BevNET is delighted to announce that the preliminary agenda for BevNET FBU (Food & Beverage University) Boston, a one-day business education and networking event for entrepreneurial food and beverage companies, has been posted.
Along with a recent label refresh for its beverages, Mamma Chia is planning to debut a new line of whole chia seeds, as well as new varieties for snack and beverage lines at this week’s Natural Products Expo West show. And in the midst of a recently launched round of funding, the company hired a new Chief Financial Officer with deep roots in consumer goods.
Sourced from maple sap, but unlike maple syrup, not cooked down into a concentrated form, maple waters have gained some buzz in recent months with a steadily increasing number of brands entering the market. Seva Maple Water is one such brand. With a very light maple flavor, it’s definitely a palatable product and one that is thirst-quenching. But is that enough of a reason to drink this beverage?
With its latest offerings, Silk continues to innovate in the dairy alternative category and is set to introduce a range of on-trend products -- including blends made with almond milk, soy, coconuts and protein -- at the upcoming Natural Products Expo West show.
Vita Coco Café will debut at the upcoming Natural Products Expo West show, and while the formulation of espresso, coconut water and milk remains the same, the three-SKU line features new graphics, the familiar Vita Coco logo, and a more prominent call-out of “Café Latte” on the front of the package.
On Monday, SodaStream announced that it has reached an agreement with Sunny Delight Beverages Co., according to a joint release. The companies will co-develop flavors exclusively for SodaStream, the at-home soda kit, in SunnyD Tangy Original Orange and Orange-Strawberry, among other varieties.
Based in San Francisco, Forager Project is a company that produces a range of organic, cold-pressed juices. Marketed as "fast slow food," the brand includes four sublines -- Greens, Nuts, Roots and Cleanse -- with two to four juices in each line. While we enjoyed the formulation of the drinks that we sampled, the naming convention for the juices, differentiated by the name of the subline and a letter (i.e. "Greens A" and "Nuts B") could be improved upon.
On Tuesday, Celsius announced that it has reached an exclusive partnership with UAE International Investments (UII), a financial and distribution company in the Middle East.
A couple days ago, BevNET broke the news of the first lemonade and coconut water blends to hit the market. Today, it’s lemonade and… wait for it… kombucha! Well, sort of.
There’s breaking news out of Coke’s Venturing and Emerging Brands unit (VEB) today, as Coca-Cola Co. CEO Muhtar Kent announced in an internal memo that Deryck Van Rensburg, who has run VEB since its inception, will become the President of the newly created Coca-Cola/Keurig Ventures, a joint venture formed as a result of Coke’s recent multimillion dollar investment in Green Mountain Coffee Co.
Two of the revisions would have particularly broad ramifications for the beverage industry: first, the FDA has proposed that “Added Sugars” be added to the labels, thereby indicating the amount of extra sweetening that has been added to a product, and second, “serving size” would be more in line with the size of an immediate consumption package -- so the nutritional content of a drink in a 12 oz. or 20 oz. package would reflect that entire package, rather than the current standard of an 8 oz. serving.
On Tuesday, a federal judge dismissed a proposed class-action lawsuit filed against FRS and its former endorser Lance Armstrong which claimed that the company deceptively marketed its products by linking them to the success of the disgraced cyclist.
