Beverages: Page 47
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Courtesy of PeaTos
ColumnLeftovers: PeaTos takes a swing at Doritos; Tilray crafts a beer, cannabis brand combo
The snack maker offers a better-for-you alternative to Frito-Lay's popular tortilla chip, and Boston Beer's Truly Hard Seltzer gets into gummies.
By Food Dive staff • July 2, 2021 -
Permission granted by Harmless Harvest
Danone buys majority stake in coconut products maker Harmless Harvest
The CPG giant, which first invested in the water, yogurt and smoothie manufacturer in 2017, didn't disclose how much it owns or the amount of money it spent to acquire a controlling share.
By Christopher Doering • June 30, 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 AB InBev
AB InBev names company veteran to head its Anheuser-Busch division
Brendan Whitworth succeeds Michel Doukeris, who is transitioning to the role of global CEO of the beer giant starting July 1.
By Christopher Doering • June 29, 2021 -
Courtesy of Labatt USA
Labatt USA debuts recycled, photodegradable plastic beer carrier rings
The packaging comes as a European consortium of CPG companies announced last week the world's first enzymatically recycled plastic bottles.
By Samantha Oller • June 28, 2021 -
Christopher Doering/Food Dive
Zevia makes market debut at $14 share price
The maker of stevia-sweetened soda, tea and energy drinks has seen net sales increase 32% annually during the last decade with further growth expected as consumers curtail their sugar intake.
By Megan Poinski • Updated July 22, 2021 -
Courtesy of PepsiCo
PepsiCo moves deeper into nonalcoholic cocktail mixers with Unmuddled
The snack and beverage giant said the offering is targeted at consumers who seek experimentation, flavor variety and a bar quality experience at home.
By Christopher Doering • June 23, 2021 -
Barry Brecheisen via Getty Images
PepsiCo pursues trademark for Rockstar-branded beer and hard seltzer, Bloomberg reports
The application was filed under a provision that said the soda and snack giant plans to use the trademark for alcoholic beverages, but has yet to do so.
By Christopher Doering • June 21, 2021 -
Courtesy of Hostess Brands
ColumnLeftovers: Hostess launches Crispy Minis; Twisted Tea gets a little saucy
The small wafers layer creme between cookies in a resealable pouch, and Soonish debuts a better-for-you beer that includes banana, millet, sorghum and honey.
By Food Dive staff • June 18, 2021 -
Gallo is investing $423M to build a new production and distribution facility
The California winemaker hopes to strengthen its position on the East Coast with the South Carolina factory as it continues to increase its portfolio through acquisitions.
By Lauren Manning • June 17, 2021 -
Permission granted by Constellation Brands
Constellation takes minority stake in 'Breaking Bad' actors' Dos Hombres mezcal
The spirit brand founded by actors Bryan Cranston and Aaron Paul is the second smoky premium liquor the alcohol maker has invested in.
By Megan Poinski • June 17, 2021 -
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 -
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
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