Australia: Kommunity Brew acquires Cool Cool Beverage Company

Kommunity Brew, a Western Australian functional beverage company, has acquired Melbourne’s Cool Cool Beverage Company (CCBC).

The acquisition will add the Sips Sparkling and Liberty Kombucha brands to Kommunity Brew’s portfolio and opens up immediate export opportunities for the company via Sips Sparkling’s shelf-stable product range.

“The integration of CCBC into our business is a major milestone in the evolution of Kommunity Brew, putting us in a strong position to increase our profile in the Eastern States, while improving operating margins from a Melbourne manufacturing base,” said Kommunity Brew CEO Mason Bagios. “CCBC has developed innovative products that have all had a bedrock of creativity. We love the bold positioning of the Sips Sparkling and Liberty Kombucha brands and because we relate to the difficulty of brand-building we see value where an institutional investor might see risk”.

The acquisition of Cool Cool Beverage Company is the second made by Kommunity Brew, last year, the company acquired Cold Matter Cold Brew.

Source: FoodBev