Dunn’s River Brands, a beverage portfolio management company, has announced the acquisition of a majority interest in Temple Turmeric for an undisclosed sum, according to a BevNet report.
New-York based Temple Turmeric produces a range of ‘elixirs’, raw vinegars and ‘pure prana shots’ made from organic whole root turmeric juice.
In a statement, Temple Turmeric founder Daniel Sullivan said: “We were looking for new approaches to product development and Dunn’s River Brands can really bring the strategic resources on the human and capital resource side to really execute on those plans”.
BevNet reports Dunn’s River Brands as saying that the acquisition was part of its strategy of expanding its portfolio to include ‘better-for-you’ and functional beverages, and focusing on the ‘food as medicine’ movement.
Source: BevNet / Temple Turmeric