Fiji Water Acquired by Roll International
Fiji Water LLC, Basalt,
Colo., has been purchased by Roll International Corp., owner of Pom
Wonderful pomegranate juices. According to Fiji Water, which sources its
water in the Fiji islands, it is the second-largest selling imported water
in the United States, and while financial details were not disclosed, some
reports put the sale in the range of $50 million.
The company will continue to operate as an independent company
under the current management structure. “Fiji Water has been, by far,
my most satisfying business venture, both personally and professionally,”
said David Gilmour, company founder. “It is with great pride that I turn
the reins of this exceptional company over to a group that shares our vision
of quality and excellence in all they do. I am confident that the Fiji Water
brand will continue to thrive as part of Roll International.”
Spirits companies in Colombian dispute
The Republic of Colombia
has filed a complaint in the United States District Court, Eastern District
of New York, against Pernod Ricard SA; Pernod Ricard USA LLC; Diageo North
America Inc.; United Distillers Manufacturing; Diageo plc and Seagram
Export Sales Co. Colombia and several of its regional departments allege
the spirits companies have competed unfairly with government-owned
businesses in the production and distribution of their products by selling
into illegal channels and receiving payments from companies that deal in
laundered funds. BI
Drinktec expands coverage
Drinktec 2005, the
“World Fair for Beverages and Liquid Food Technology,” has
broadened its coverage to include milk- and whey-based beverages. Show
organizers report such drinks are becoming popular globally, and affect not
only the milk market, but the beverage and ingredient industries overall.
The group reports that modest sales in traditional
milk belie the category’s potential due to “wellness”
trends. White milk sales in Europe, for example, increased only 1.6 percent
between 2000 and 2002, but yogurt-based drinks grew 18 percent, and 21
percent globally. Whey-based drinks and dairy smoothies also are expected
to make impressive gains.
In a separate beverage direction, show organizers also
point out that Drinktec is the No. 1 global platform for the production of
wine and sparkling wine, and say “everything needed for the
industrial manufacture and processing of wine and sparkling wines will be
on show in Munich at the stands of exhibitors from all over the
world.” Drinktec will focus on high-production wine areas such as
France, Spain and Italy, as well as “New World” producers in
South Africa, Australia, New Zealand and Chile.
Drinktec will be held Sept. 12-17 at the New Munich Trade Fair
Centre in Munich, Germany.
Jim L. Turner, president
and chief executive officer at Dr Pepper/Seven Up Bottling Group,
Dallas, announced he plans to retire in mid-2005. Turner founded the Dr Pepper Bottling Co. of Texas,
which was acquired in 1999 by Cadbury Schweppes
and the Carlyle
Group and merged with the American Bottling Co. to form
Bacardi Ltd. President and
Chief Executive Officer Javier Farrán has resigned from the company. Chairman Ruben Rodriguez will assume his
responsibilities while the company searches for a new chief executive...
Summerfield K. Johnston Jr., chairman of Coca-Cola
Enterprises’ executive committee, has
resigned from the board at CCE. During his tenure with the company,
Johnston served twice as the company’s chief executive officer, and
as chairman of the board...
Future Brands LLC,
Deerfield, Ill., announced President and Chief Executive Officer Mike Donohoe plans to retire the
middle of next year. He will be succeeded by alcohol industry veteran Steve Bellini, who most recently
served as president of Presidio Beverage Co.