Brynwood Partners Acquires Cold Spring Brewing Co.
Minnesota-based Cold Spring Brewing Company has been acquired by Brynwood Partners, a Connecticut-based private equity firm with existing investments in a variety of food and beverage companies.
Acquisition
PE Firm Acquires Calypso Lemonade Maker
Investment firm Mason Wells has acquired Calypso lemonade parent King Juice Company, Inc. for an undisclosed sum, the Milwaukee-based co-packer announced Tuesday.
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.
Analysts React to Stonyfield Acquisition
In discussing the deal with BevNET, analysts and experts in the organic grocery space noted that while the deal was ostensibly about freeing Danone to secure the bigger prize of acquiring WhiteWave, it also affirms the long-term value of a strong organic brand.
Dean Foods Acquires Uncle Matt’s Organic
In a call with BevNET, Uncle Matt’s CEO Matt McLean said that while there were a variety of potential options for both new investment and acquisition of the company, “we fell in love the Dean Foods team and what they could offer."
Key Takeaways From Whole Foods’ Dialogue with Employees
Following the Friday announcement that e-commerce pioneer Amazon would be purchasing natural products retailer Whole Foods Market, there has been rampant discussion over what the merger means for the retailer and industry. In communications to team members, both through email and a “town hall meeting” at Whole Foods headquarters, some information has come to light.
Reuters: PepsiCo in Talks to Acquire Vita Coco
Reuters has reported that PepsiCo is in talks to acquire All Market Inc, the maker of leading coconut water brand Vita Coco. PepsiCo is offering less than the $1 billion that All Market has sought for the acquisition, according to Reuters, which cited sources familiar with the potential deal.
New Age Beverages Acquires Premier Micronutrient Corporation
The no-cash agreement brings 100 percent of the assets and interests of PMC, its portfolio of products, intellectual property, and the formulas for existing and planned healthy functional beverage products for the pharmacy, medical, sports and military, and other industries.
Reyes Holdings Acquires Distribution Rights to Coca-Cola in California and Nevada
Reyes Holdings LLC has signed a letter of intent with The Coca-Cola Company to acquire the distribution rights for the soda giant’s products in California and Nevada as well as three bottling facilities.
New Age Acquires Coco Libre, Marley Beverage Assets
The acquisition of Maverick Brands and its flagship brand Coco Libre for a combination of cash and shares of common stock in New Age “fills an important gap to complete the Company’s functional beverage portfolio,” according to a press release.
Cott Sees 2016 Revenue Growth Spurred by Acquisitions
In a statement, Cott CEO Jerry Fowden explained that the company was making progress towards its goal of becoming a “more diversified, higher margin, cash generative business.”
DPS Completes Bai Acquisition
DPS expects Bai to double its sales in 2017, projecting about $425 million in net sales this year, as well as adding an incremental $132 million to its existing overall net sales expectation.