Beverages: Page 48
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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 -
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 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 -
Jeff J Mitchell via Getty Images
Many consumers prefer nonalcoholic beverages over low-alcohol options, report finds
While drinkers in 10 countries tracked by research firm IWSR are opting for dry beverages, people in the U.S. are still choosing beer, wine and spirits with at least some alcohol content.
By Barbara Smith • May 6, 2021 -
Courtesy of PepsiCo
Rockstar celebrates hustle mentality in first global marketing platform since PepsiCo acquisition
Three short films depict various people on the daily grind, while PepsiCo is promoting an overhaul to the energy drink's visual identity and packaging.
By Peter Adams • May 5, 2021 -
Courtesy of PepsiCo
PepsiCo launches functional sparkling water drink Soulboost
The beverage brand, which includes ginseng and L-theanine as ingredients, is the latest offering by the CPG giant aimed at making consumers feel better.
By Christopher Doering • May 5, 2021 -
George Frey via Getty Images
Deep DiveAs inflation rages, food and beverage manufacturers pass higher costs on to consumers
Coca-Cola, Nestlé and General Mills are just a few of the CPGs to announce hikes as they face a jump in expenses for ingredients, manufacturing, packaging and transportation.
By Christopher Doering • May 4, 2021 -
Courtesy of Waterdrop
Austria's waterdrop brings sustainable 'microdrinks' to the US
The company makes clean label cubes to be dissolved in reusable containers, with the goal of reducing single-use plastic waste.
By Lauren Manning • April 27, 2021 -
Once a trendy beverage, Jones Soda fights to convince skeptics it can ‘win again’
CPG veteran Mark Murray said the company known for its quirky flavors can "stop the bleeding" with the right leadership as it competes against PepsiCo, Coca-Cola and changing consumer habits.
By Christopher Doering • April 26, 2021 -
Adeline Kon/Food Dive
Deep DiveHow COVID-19 impacted the food business
In a four-part series, Food Dive examines how CPG sales and demand were influenced by the pandemic and what business could look like going forward.
By Megan Poinski • April 22, 2021 -
Spencer Platt via Getty Images
8 sustainable packaging innovations for food and beverages
From upcycled barley straw cartons to paper soda bottles, manufacturers are testing a range of options to minimize their ecological footprints. Here are some of the most novel approaches.
By Food Dive staff • April 22, 2021 -
Courtesy of International Flavors & Fragrances
IFF touts 'potential' of new company following $26.2B merger with DuPont unit
More than two months after the deal closed, the ingredients giant released unofficial sales numbers and explanatory videos to show the world its size and capabilities.
By Megan Poinski • April 22, 2021 -
Adeline Kon/Food Dive
Deep DiveWhy some food and drink companies lost sales during the COVID-19 pandemic
As consumers changed, they started looking at things to eat with a more critical eye, considering their health, well-being and wallets — and bringing declines in some categories.
By Megan Poinski • April 22, 2021 -
Courtesy of PepsiCo
PepsiCo to boost regenerative farming to 7M acres, equal to its entire agricultural footprint
CEO Ramon Laguarta said "a resilient food system is essential" to its business known for everything from Doritos and Quaker Oats to its namesake cola.
By Christopher Doering • April 20, 2021 -
Christopher Doering/Food Dive
Deep DiveCoca-Cola and PepsiCo proxy clash with activist investor over sugar hints at future skirmishes
The fight may be a prelude to more battles as shareholders seek greater influence in corporate America on issues such as politics, diversity, health and the environment.
By Christopher Doering • April 19, 2021 -
Courtesy of Tru Colors
Molson Coors invests in brewery founded by gang rivals
The partnership with Tru Colors is not only a strategic investment but the latest in a series of actions by the beer maker to foster a more inclusive and diverse culture.
By Christopher Doering • April 16, 2021 -
"Rice Dream Drink, 8/2014, by Mike Mozart of TheToyChannel and JeepersMedia on YouTube. #Rice #Dream" by Mike Mozart is licensed under CC BY 2.0
Hain Celestial sells Dream and WestSoy to SunOpta for $33M
The nondairy beverages are the latest brands sold by the company as it streamlines its portfolio to concentrate on offerings with growth potential.
By Megan Poinski • April 16, 2021 -
Courtesy of Fonterra
Fonterra's NZMP taps milk to help consumers manage stress, improve well-being
The New Zealand company is extracting lipids, proteins and other ingredients from the liquid to meet demand for these attributes, which have grown in popularity during the pandemic.
By Christopher Doering • April 15, 2021
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