10 startups will receive $20K in grant funding, 6-month mentorship program
February 6, 2020
PepsiCo, Purchase, N.Y., announced the 10 emerging food and beverage brands that will join its second annual North America Greenhouse program. Each of the participating startups will receive $20,000 in grant funding and participate in a six-month business program designed to accelerate their growth through personalized mentorship.
Tenth and Blake Beer Co., the U.S. craft division of Chicago-based Molson Coors Beverage Co., announced an agreement to acquire Detroit-based Atwater Brewery.
As the final wrap-up of 2019, the readers of Beverage Industry voted on their favorite new product. Compiled from the monthly winners of the Readers’ Choice: New Product of the Month poll, the voting took place Jan. 21 through Feb. 3.
New line adds to RTD coffee portfolio, introduces creamers
February 4, 2020
Broomfield, Colo.-based STōK Cold Brew, a brand of Danone North America, is giving consumers a new way to fuel their coffee with its latest line of products: STōK Fueled Creamers and Ready-to-Drink Coffee. The new beverages are geared toward those who are looking to jump-start their day as the STōK Fueled line includes extra calories from protein, butter and MCT oil, it says.
Domestic beer brand will help cover adoption fees for 1,000 participants
February 4, 2020
Coors Light, a brand of Chicago-based Molson Coors Brewing Co., is encouraging consumers to skip the cheesy Valentine's traditions and spend the day with a fur-ever friend. The domestic beer brand will even help pay fees for 1,000 dogs adopted between 12 p.m. CT on Feb. 4 and 11:59:59 p.m. CT on Feb. 21.
Stipe Miocic Extra Strength Coffee contains 333 mg of caffeine
February 4, 2020
Veteran and firefighter owned coffee company, Fire Department Coffee, Rockford, Ill., unveiled its new extra strength coffee with two times the caffeine. The highly caffeinated dark roast coffee, Stipe Miocic Extra Strength Coffee, contains 333 mg of caffeine — more than double the caffeine of a regular 8-ounce cup, the company says. The new coffee is named after five-time mixed martial arts heavyweight champion and firefighter Stipe Miocic.
Westrock Coffee purchases coffee, tea supplier for $405M
January 31, 2020
Cott Corp., Tampa, Fla., continues its transition into a pure-play water solutions provider with its announcement that it has entered into a definitive agreement pursuant to which Cott will sell S&D Coffee and Tea to Westrock Coffee Co. LLC for $405 million on a debt free and cash free basis, subject to a customary working capital adjustment, it says.
Company achieved value share gains in sparkling, non-sparkling offerings
January 31, 2020
The Coca-Cola Co., Atlanta, reported another quarter of strong growth, along with achieving or exceeding all guidance for the full year 2019. The company continued to execute its growth strategy, allowing it to deliver strong revenue and profit growth for the quarter and full year while gaining value share globally, it says.
New package size available online now, retailers in Q1
January 28, 2020
Boxed Water Is Better, Holland, Mich., announced it will add a 330-ml size to its line of water packaged in 100 percent recyclable and paper-based cartons. The current product assortment is available in 250-ml, 500-ml and 1-liter boxes that are packed in six-pack, 12-pack and 24-pack configurations.