Beverages: Page 52
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Retrieved from Truss Beverage Co. on January 13, 2021
Molson Coors launches first US CBD drink line
Veryvell, the sparkling, nonalcoholic beverage that will be available only in Colorado, was developed by Truss CBD USA, a joint venture between the beer giant and Hexo.
By Lillianna Byington • Jan. 14, 2021 -
Courtesy of PowerPlant Ventures
Coca-Cola sells Zico coconut water to PE firm founded by brand's creator
The sale for an undisclosed sum comes as the beverage giant aims to cut about 200 brands to focus on more profitable, faster-growing products coming out of the pandemic.
By Christopher Doering • Jan. 14, 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 Chobani
Chobani enters crowded RTD coffee space
The Greek yogurt giant has taken a big step to expand its reach beyond the dairy aisle, but the move will pit it against heavyweights such as Nestlé, Starbucks and Danone.
By Christopher Doering • Jan. 14, 2021 -
Kendall Davis/Food Dive
Tracking food industry priority for the COVID-19 vaccine
President Joe Biden announced a deadline of April 19 for all adults in every state to be eligible for the coronavirus vaccine.
By Thai Phi Le • Updated April 6, 2021 -
Christopher Doering/Food Dive
Coca-Cola, Tyson Foods and ADM among companies to suspend political donations
CPG companies joined dozens of large U.S. businesses in reconsidering their contribution practices after last week's violent protest at the U.S. Capitol.
By Christopher Doering • Jan. 13, 2021 -
Deep Dive
CPGs wake up to breakfast’s new future after coronavirus shakeup
With more people at home, a less hectic pace has boosted demand for sausage, waffles and cereal — a shift food manufacturers are confident will stick around after the pandemic.
By Christopher Doering • Jan. 12, 2021 -
Courtesy of ZOA
Molson Coors enters crowded energy drink space with distribution deal for ZOA
The beverage will differentiate itself with natural ingredients, vitamins, electrolytes and amino acids, forgoing preservatives and artificial ingredients.
By Christopher Doering • Jan. 11, 2021 -
US tariffs on high-alcohol wine from Germany and France take effect this week
The new import duties are part of a longstanding dispute about commercial jetliner subsidies that has spilled over into food and drink.
By Christopher Doering • Jan. 11, 2021 -
Courtesy of International Delight
ColumnLeftovers: International Delight travels to the Stone Age; Hidden Valley Ranch goes plant-based
Post Holdings, the maker of Fruity Pebbles and Cocoa Pebbles, is infusing its cereals into coffee creamers, and New Orleans businesses are bottling Mardi Gras.
By Food Dive staff • Jan. 8, 2021 -
Permission granted by EverGrain
EverGrain upcycles AB InBev's barley waste into plant-based protein
The company, started by the brewer's former head of sustainability, creates two unique ingredients from the waste, which adds up to millions of tons a year.
By Megan Poinski • Jan. 7, 2021 -
Elderberry demand soars as consumers seek an immunity boost
From beverages to popsicles, more companies are adding the deep purple berry to a variety of offerings for its hue, flavor and health appeal.
By Lillianna Byington • Jan. 7, 2021 -
Courtesy of Budweiser
Budweiser Zero unites athletes to support Dry January
The AB InBev brand's first zero-alcohol beer seeks to motivate consumers who are abstaining from alcohol to start the year.
By Chris Kelly • Jan. 7, 2021 -
Retrieved from PepsiCo on January 07, 2021
Mtn Dew releases its first new flavor in more than a decade: Major Melon
The watermelon-flavored soda is the newest permanent addition to the brand portfolio as PepsiCo leans on innovation to combat declining soda sales during the pandemic.
By Jessi Devenyns • Jan. 7, 2021 -
Permission granted by Fitvine
FitVine aims to upend 'stuffy' wine dominated by big players with better-for-you offering
The company's low-sugar drinks have made the California startup one of the fastest-growing alcohol brands and the top-growing wine label in the U.S.
By Christopher Doering • Jan. 5, 2021 -
AB InBev to sell stake in US metal container plants for $3B
Private-equity firm Apollo and other investors will purchase 49.9% of the business, giving the beer giant much-needed cash to pay down debt from its 2016 SABMiller acquisition.
By Christopher Doering • Dec. 28, 2020 -
2020's 10 biggest M&A deals in the food and beverage industry
Despite the pandemic, companies found ways to streamline their operations as needed and expand their portfolios when opportunities arose. These are some of the largest moves this year.
By Food Dive staff • Dec. 23, 2020 -
Frozen food sales soar with homebound consumers during pandemic
Sales in the category jumped 17.4% between November 2020 and the same month a year earlier. The largest gains came in processed poultry, seafood, snacks and beverages.
By Jessi Devenyns • Dec. 23, 2020 -
Christopher Doering/Food Dive
Zevia closes $200M funding round with Canadian investment firm
The stevia sweetened soda company is planning to use the money and partnership to fuel its global expansion strategy and better manage its assets.
By Jessi Devenyns • Dec. 22, 2020 -
Untapped: How grocers are growing their private label alcohol assortment
Wine has long been the focus, but experts say booming sales this year make store-brand booze ripe for expanded selections and higher price points.
By Catherine Douglas Moran • Dec. 21, 2020 -
Permission granted by PepsiCo
ColumnLeftovers: Pepsi to debut 'Cocoa' Cola this winter; PBR combines pretzels, beer and brats
The seasonal soda tastes like a blend of the soft drink, hot chocolate and a hint of marshmallow, and Kellogg is launching a homestyle recipe of its classic Rice Krispies Treats.
By Food Dive staff • Dec. 18, 2020 -
Coca-Cola to cut 2,200 jobs — most in the US — as part of restructuring
The staff reduction comes as the part of a broader overhaul accelerated by the pandemic, which has seen the beverage giant end production of brands including Tab and Odwalla.
By Christopher Doering • Dec. 18, 2020 -
Courtesy of Beyond Meat
Consumer eating and drinking habits during pandemic reflect different needs
A survey from the International Food Information Council found people balanced eating healthier with indulgence, while some consumed more alcohol even as others were less likely to imbibe.
By Samantha Oller • Dec. 16, 2020 -
Retrieved from Nestle on January 31, 2018
Nestlé explores alternative packaging technologies with startup investment
As part of its deal with Timeplast, a startup investigating ways to minimize the impact of improperly recycled plastic on the environment, the Swiss company will provide financing and additional support.
By Jessi Devenyns • Dec. 14, 2020 -
Ocean Spray partners to create protein-sweetened, reduced-sugar cranberry juice
The cooperative is partnering with Amai Proteins to develop a beverage that has at least 40% less sugar.
By Samantha Oller • Dec. 10, 2020 -
Why natural colors are poised to pop in 2021
As consumers flock to natural ingredients, manufacturers of products such as energy drinks, condiments and dairy alternatives are turning to plants for their hues.
By Jessi Devenyns • Dec. 10, 2020
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