Pepsi Bottling Ventures (PBV) has closed its acquisition of Pepsi-Cola Roxboro, a franchise bottler based in Roxboro, North Carolina for an undisclosed price. The acquisition will grow the distribution and sales territory of Pepsi Bottling Ventures to the Caswell, Granville, Person, and Orange counties. Paul Finney – President and CEO of Pepsi Bottling Ventures said: […]
Nestlé has signed a deal worth $4.3 billion to offload Nestlé Waters North America brands to One Rock Capital Partners in partnership with Metropoulos & Co. The sale includes the Swiss food and beverage giant’s regional spring water brands, purified water business, and beverage delivery service in the US and Canada. The Nestlé Waters North […]
Diageo has agreed to acquire Chase Distillery, a British single-estate distillery based in Herefordshire, UK, that owns Chase GB Gin and Chase Original Potato Vodka. The British beverage alcohol company did not disclose the financial terms of the deal. Chase Distillery was established in 2008 by entrepreneur William Chase. Its portfolio features seven gins, four […]
Coca-Cola European Partners (CCEP) has made an AUD9.28 billion ($6.6 billion) bid to acquire 100% of Australia-based Coca-Cola Amatil Limited (CCL). In this regard, Coca-Cola European Partners has issued a non-binding offer to acquire 69.2% of stake in the Australian bottler, which is held by shareholders other than The Coca-Cola Company. The stake from the […]
Coffee Holding Co., a US-based wholesale coffee roaster and dealer, has agreed to acquire a 49% stake in The Jordre Well, a cannabidiol beverage company (CBD beverage company). Jordre Well is led by the founders of CBD skin care brand Cannuka. As per the terms of the deal, Jordre Well will help Coffee Holding in […]
Unilever has signed a deal to acquire Liquid I.V, a US-based health-science nutrition and wellness company, for an undisclosed price. Based in El Segundo, California, Liquid I.V. was established by entrepreneur Brandin Cohen in 2012. Liquid I.V.’s electrolyte drink mixes leverage Cellular Transport Technology (CTT) which is said to boost the quick absorption of water […]
German distiller Rheinland Distillers, which owns Siegfried Rheinland Dry Gin and Siegfried Wonderleaf, a non-alcoholic gin alternative, has secured investment from beverage alcohol giant Diageo’s drinks accelerator called Distill Ventures. The distillery’s founders will retain majority ownership, while Diageo will have a minority stake. Raphael Vollmar and Gerald Koenen, the founders of Rheinland Distillers, will […]
UK-based beverage alcohol giant Diageo will take ownership of Aviation American Gin by acquiring Aviation Gin and Davos Brands (collectively Davos Brands) in a deal worth up to $610 million. The American style gin to be acquired by Diageo is said to be crafted with a mix of botanicals, with subtle juniper notes, to provide […]
Florida Food Products (FPP), a food and beverage ingredient solutions provider, has acquired Amelia Bay, a Georgia-based provider of fresh brewed tea extracts, coffee extracts and botanicals, for an undisclosed price. Founded in 1989, Amelia Bay is claimed to be one of the top producers of industrial scale brewed tea, coffee, and botanicals. Jason Crandall […]
Italian drinks company Campari Group has agreed to acquire a stake of 49% in Tannico, an e-commerce platform for wines and premium spirits in Italy, for €23.4 million from the latter’s CEO Marco Magnocavallo, Programma 101 SICAF, Boox, and other shareholders. Tannico is said to have a market share of more than 30% with over […]