Brazil: Gavea Investimentos takes stake in Natural One
Gavea Investimentos, a Brazilian investment fund, has received approval from regulatory authorities to take a 49.9% stake in fruit juice firm Natural One, according to a Reuters report quoting a dispatch from the Diario Oficial da Uniao. It had previously been reported that major global firms including Coca-Cola, Ambev and Britvic were vying to buy into […]
USA: Millennium Products acquires Tula’s CocoKefir
Millennium Products, the parent company of GT’s Kombucha, has acquired functional drinks brand Tula’s CocoKefir for an undisclosed amount, according to a report in BevNet. The transaction is said to have been completed in 2016. The Tula’s CocoKefir line-up includes coconut based kefirs and fermented yogurts and the brands CocoKefir and CocoYo brands. Post acquisition, […]
Brazil: Britvic to acquire Bela Ischia
Global soft drinks giant Britvic has decided to acquire Brazilian juice company Bela Ischia for £54.5 million ($66.9 million) in order to expand its presence in Latin America. The deal is set to conclude at the latest by the end of March of this year. Bela Ischia produces and sells RTD juices, frozen fruit, liquid […]
Thailand: Oishi launches cherry blossom & strawberry green tea
Japanese food and beverage maker Oishi is stepping up its activities in Thailand with the launch of Oishi Sakura (Cherry Blossom) Strawberry Green Tea. The new flavoured tea, described as featuring “the unprecedented and immensely satisfying taste of mildly-scented sakura and sweet strawberries”, is also presented “in the first-ever colour-changing bottle in Thailand”, as the […]
Japan: Kirin introduces chestnut flavoured milk tea drink
Leading Japanese beverage maker Kirin has announced the launch of new variety of its Kirin Gogo No Kocha (Afternoon Tea) ready-to-drink tea called Milk Tea Dolce Waguri (Japanese Chestnut) Mont Blanc. This limited edition is advertised as being made with two types of Japanese origin ingredients to offer flavour and high quality: the first is […]
Germany: DMK to expand infant formula facility
DMK, the German dairy firm, is to expand its production facilities at Struckhausen, Germany for the manufacture of infant formula, according to a report in Just Food. The expanded facility will reportedly begin manufacturing the Humana formula brand, previously produced as part of a joint venture between DMK and baby food firm Hipp at Herford, […]
USA: Peet’s Coffee and Tea to build roasting facility in Virginia
Peet’s Coffee & Tea, the US firm selling teas, coffees and related accessories, is to build a new roasting facility in the state of Virginia in order to better serve consumers on the east coast, according to an article in the Tea & Coffee Trade Journal. The new 175,000-sq ft roastery in the city of Suffolk […]
USA: PepsiCo launches LIFEWTR brand
Food and soft drinks giant PepsiCo has announced the launch of a new bottled water brand called LIFEWTR that is slated for release across the USA in February 2017. Reportedly a response to rival Coca-Cola’s Glaceau SmartWater brand, LIFEWTR is described as purified water with balanced pH and added electrolytes. Product packaging – 700ml and […]
USA: Long Island Iced Tea acquires ALO Juice
US based soft drinks firm Long Island Iced Tea has announced that it to purchase the ALO Juice brand from The Wilnah International for 5,000 shares of the company’s common stock. The acquisition, which is expected to close at the beginning of 2017, will allow for Long Island Ice Tea to expand in the southeast of […]
USA: Nestle to sell Nutrament brand to Harvest Hill
Harvest Hill , a majority-owned portfolio company of Brynwood Partners, has agreed to acquire the Nutrament brand from Nestle, according to a report in Food Business News. Through the acquisition, the Harvest Hill portfolio is set to expand into the functional drinks space. The firm’s line up already includes fruit drinks under the brands Little Hug, […]