Beverages: Page 43
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Retrieved from Vita Coco on September 02, 2020
Vita Coco prices IPO below expected range at $15 per share
The beverage maker, which plans to list on the Nasdaq under the symbol COCO on Thursday, previously expected to offer its stock at between $18 and $21.
By Christopher Doering • Updated Oct. 21, 2021 -
Courtesy of Nestle
Pace of M&A, divestitures likely to increase in 2021, survey finds
Kearney said the financial stimulus, low interest rates, large cash stockpiles and strong equity markets have created a climate favorable for sellers.
By Christopher Doering • June 16, 2021 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Courtesy of Two Trees
Alcohol maker Two Trees formed to tap into rapid-aging technology
The new company, a merger of three businesses, will use the controversial practice panned by industry traditionalists to make vodka, whiskey and other offerings.
By Lauren Manning • June 16, 2021 -
Christopher Doering/Food Dive
Deep DiveMolson Coors' CEO has a bold plan to 'fundamentally change' the beer maker. But will it work?
As consumers turn to other beverages, Gavin Hattersley has moved aggressively into energy drinks, diet soda and tequila to revive his company's portfolio — all while combating challenges like COVID-19 and a security breach.
By Christopher Doering • June 15, 2021 -
Courtesy of Badass
ColumnLeftovers: Alkaline water maker wants to be Badass; Just add water and oil for Jada's plant-based meat
The new beverage brand sources its nutrient-rich water from melting glaciers, and Torani creates an allergen-free chocolate hazelnut flavor.
By Food Dive staff • June 11, 2021 -
Courtesy of Geltor
Geltor debuts vegan collagen for food and beverages
Made through the company's proprietary fermentation process, PrimaColl is said to match the functional properties of the animal-based equivalent.
By Samantha Oller • June 10, 2021 -
Courtesy of PepsiCo
PepsiCo to invest $200M in plant expansion as snack consumption surges
The investment in Frito-Lay's Rosenberg, Texas, facility will create 160 jobs and add two manufacturing lines for Funyuns and tortilla chips, as well as increase warehouse capacity.
By Christopher Doering • June 9, 2021 -
Permission granted by Anheuser-Busch
Bud Light Seltzer, Truly Lemonade and Mtn Dew Zero Sugar were the top product launches of 2020, IRI says
The market insight firm's annual Pacesetters report on the year's most successful new items reflected several pandemic trends, including increasing alcohol consumption and stockpiling sweet and salty snacks.
By Lauren Manning • June 8, 2021 -
Permission granted by Darigold
Sponsored by DarigoldHoly cow! Your favorite workout recovery drink delivers a ton of essential nutrients
The essential nutrients in every serving of milk can help people meet nutrition and wellness goals.
June 7, 2021 -
Courtesy of Molson Coors
Molson Coors settles trademark case involving Vizzy hard seltzer
Terms were not disclosed, but Future Proof Brands, which sued the big brewer for trademark infringement, will no longer be producing its Brizzy drink.
By Megan Poinski • June 4, 2021 -
Retrieved from Athletic Brewing Company.
Nonalcoholic beer maker Athletic Brewing raises $50M
The company will use the funds to build its third brewery, which will support expansion on the East Coast and grow its production capacity ahead of surging demand.
By Lauren Manning , Christopher Doering • June 1, 2021 -
Courtesy of Diageo
Diageo launches DEI initiative to boost Black community in spirits industry
A new partnership seeks to generate $2 billion in economic value in the U.S. by supporting incipient brands and businesses.
By Chris Kelly • May 26, 2021 -
Courtesy of Gatorade
ColumnLeftovers: Gatorade lightens up for rehydration; Airly crackers take a bite out of climate change
PepsiCo's latest sports drink offers more electrolytes with less sugar, while McCormick puts the Thanksgiving feast in a more portable, snackable form.
By Food Dive staff • May 21, 2021 -
Retrieved from PepsiCo.
PepsiCo is making 'a much bigger play' for sales in the burgeoning plant-based market
The CPG giant has made several acquisitions and introduced new products in an effort to scale quickly and build what it hopes will become household names in the category.
By Christopher Doering • May 19, 2021 -
La Fête du Rosé website.
Constellation Brands takes a minority stake in Black-owned La Fete du Rosé
The wine maker is the first to receive an investment from the alcohol company's Focus on Minority Founders initiative and plans to use the funds to expand staff and production.
By Barbara Smith • May 19, 2021 -
Courtesy of Tea Drops
Dissolvable beverage startup Tea Drops raises $5M
The DTC company, which offers organic "bath bombs for tea," has drawn investor attention with its sustainability focus and female ownership.
By Lauren Manning • May 17, 2021 -
Justin Sullivan via Getty Images
Boston Beer to create cannabis R&D hub in Canada
The maker of Samuel Adams beer and Truly hard seltzer will develop nonalcoholic beverages at the new subsidiary as it prepares for "future opportunities in the U.S."
By Samantha Oller • May 17, 2021 -
Courtesy of Danone
Danone picks Barry Callebaut's de Saint-Affrique as its CEO
The seasoned food executive will take the top job at the Activia yogurt maker as it deals with activist investors, a portfolio review and stiff competition for many of its top brands.
By Christopher Doering • May 17, 2021 -
Retrieved from Coca-Cola.
Coca-Cola to discontinue sales of Coca-Cola Energy
The beverage giant said the decision to end sales in North America comes as it focuses its attention on other innovations such as Aha and its classic soda with coffee.
By Christopher Doering • May 14, 2021 -
Courtesy of Del Monte
Del Monte Foods taps into the popularity of bubble tea with its first retail offering
Its new product, Joyba Bubble Tea, builds on the success of the company's popular fruit cups that also use popping boba.
By Christopher Doering • May 13, 2021 -
Permission granted by Canteen Spirits
Anheuser-Busch signs distribution agreement for Canteen Spirits RTD cocktails
AB InBev's innovation arm ZX Ventures also invested an undisclosed amount in the company that makes canned drinks with vodka and tequila.
By Lauren Manning • May 13, 2021 -
Courtesy of Diageo/Pulpex
Diageo's Pulpex partners with Stora Enso to ramp up paper bottle production
The sustainable packaging company, which has PepsiCo and Unilever as partners, is planning for mass production of its wood fiber packaging in 2022.
By Barbara Smith • May 12, 2021 -
Retrieved from Nuun.
Nestlé buys healthy sports hydration brand Nuun
The purchase is the latest move by CEO Mark Schneider to turn the Switzerland-based food giant into a leading brand in personal health and nutrition. Terms of the deal were not disclosed.
By Christopher Doering • May 11, 2021 -
Retrieved from Rowdy Energy on May 10, 2021
Better-for-you beverage maker Rowdy Energy raises $13M
The energy drink brand, backed by NASCAR star Kyle Busch, plans to use the funding to increase its marketing and grow its retail partnerships.
By Lauren Manning • May 10, 2021 -
Courtesy of AriZona Beverages
ColumnLeftovers: Arizona Beverages puts a stake in ground coffee; Honest Tea warms up to yerba mate
The ready-to-drink iced tea maker sees potential in price-sensitive, small-batch roasts, and MadeGood enters the savory space with Star Puffed Crackers.
By Food Dive staff • May 7, 2021
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