USA: Milo’s expands production to South Carolina
Milo’s, an Alabama-based firm that manufactures, distributes, markets and sells ice teas and lemonades throughout the USA, has announced plans to build its fourth manufacturing plant in Spartanburg County, SC. The company said the expansion was a direct response to the growth of the Milo’s brand, which it claimed was the number one refrigerated tea and fastest growing lemonade […]
India: Reliance Consumer Products to create joint venture with Sosyo
Reliance Consumer Products has announced the acquisition of 50% equity stake in carbonated soft drink company Sosyo Hajoori Beverages Private. Founded in 1923, Sosyo is a leading company in the soft drink market in India with brands such as Sosyo, Opener, Kashmira, Lemee, Hajoori Soda, Ginlim, Runner and S’eau with over 100 flavours launched in […]
UK: A.G. Barr to acquire Boost Drinks
Soft drink manufacturer A.G. Barr has announced the acquisition of the functional energy drink brand Boost for an initial consideration of £20 million, on a debt-free, cash-free basis. Founded on 2021, Boost has a portfolio of energy drinks, RTD iced coffees and sport-focused beverages, operating an asset light model, outsourcing production, warehousing, and logistics. “Boost […]
France: Lavazza to acquire MaxiCoffee
Italian coffee producer Lavazza has reportedly made a binding offer to acquire the French firm MaxiCoffee, owned by the company founder Christophe Brancato, 21 Invest and other investors. According to sources, Lavazza made the deal so that the company can strengthen its position in France and also in e-commerce. Lavazza Chief Executive Antonio Baravalle said: […]
USA: Keurig Dr Pepper invests in Athletic Brewing Company
Leading beverage company in North America, Keurig Dr Pepper, has announced an investment in Athletic Brewing Company, America’s leading non-alcoholic craft beer maker. According to the Keurig Dr Pepper’s statement, the company purchased a minority stake of $50 million in Athletic Brewing Company in a move to tap into the rapidly emerging beverage categories. As […]
USA: American Beverage Corporation acquires Poppilu
US-based firm American Beverage Corporation, a wholly-owned subsidiary of Harvest Hill Beverage Company, has announced the acquisition of Poppilu, a lemonade brand targeted to children. Founded in 2017, Poppilu was at a first stage targeted to adults but its target shifted in 2020, when the need for a lemonade for kids was identified. Poppilu is […]
USA: Primo Water acquires Crystal Spring Water Company
Florida-based Primo Water Corporation has announced the acquisition of all the assets of fellow bottled water producer Crystal Spring Water Company, which is based in Rhode Island. According to Primo Water Corporation, the purchase will allow it to increase its distribution in both Rhode Island and South-eastern Massachusetts, where Crystal Spring Water Company’s products are already present. Tom […]
Australia: Asahi acquires soft drinks firm StrangeLove
Japanese drinks giant Asahi has announced the acquisition of Australian soft drinks firm StrangeLove. According to sources, StrangeLove offers a range of adult soft drinks including sparkling waters, low-calorie sodas and premium mixers. Robert Iervasi, Asahi CEO, said: “We expect StrangeLove to really shake things up in the on-premise premium mixer and adult soft drink […]
Spain: Nestle to invest in Girona coffee facility
FMCG giant Nestle has announced that it is investing €100 million ($98 million) in a coffee plant in Girona, Spain. According to sources, the investment will be made over the next three years with the goal of increasing the factory’s medium to long-term competitiveness. Nestle plans to install state-of-the-art technology that, combined with automation and […]
USA: PepsiCo introduces Pepsi S’mores Collection
FMCG giant PepsiCo has launched a limited-edition range of S’mores inspired flavours for its Pepsi cola line in the US. Released on the last day of summer, the Pepsi S’mores Collection is available in the varieties Toasty Marshmallow, Graham Cracker and Chocolate. The Toasty Marshmallow variant is said to have a marshmallow base with toasted notes to […]