Transaction includes Noble juice brand, manufacturing equipment
November 29, 2016
Miami-based Sun Orchard, a premier juice and beverage products producer, announced the acquisition of certain assets of Blue Lake Citrus Products LLC, Winter Haven, Fla. Previously, Blue Lake was held by the Seminole Tribe of Florida Inc. and Wm. G. Roe & Sons Inc.
GNT Group, Mierlo, the Netherlands, is investing more than 3 million euros in its research and development capabilities. By constructing new laboratory facilities at its headquarters, the company will almost double its capacity for quality control and product development, it says.
Although a tidal wave of new flavors have been flooding the market, staple flavors, like citrus, have held their ground, according to experts. The two most popular citrus options, lemon and orange, remain solid competitors against newer fruit entrants in the market.