Items Tagged with 'mergers and acquisitions'

ARTICLES

Long Island Brand Beverages, Cullen Agricultural agree to merge

Merger to assist expansion of iced tea brand

Cullen Agricultural Holding Corp., Waynesboro, Ga., and Long Island Brand Beverages LLC (LIBB), Hicksville, N.Y., jointly announced that they have entered into a definitive agreement to merge their respective companies.


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Braintrust acquires Blue Buddha

Acquisition marks Braintrust's second RTD tea investment this year

Braintrust Investments LLC, Burr Ridge, Ill., announced that its  Wilmington, DE-based subsidiary Wholesome Tea Company LLC acquired the business of Blue Buddha Beverages LLC, Westerly, R.I.


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R&D News: New resources assist with beverage formulation ideas

iTi Tropicals launches YouTube channel
Ingredion Inc., Westchester, Ill., has entered into a definitive agreement to acquire Centennial, Colo.-based Penford Corp., a U.S.-based leader in specialty ingredients for food and non-food applications.
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Coca-Cola signs definitive agreement with Great Lakes Coca-Cola Distribution

Great Lakes to dedicate sales, distribution activities to Coca-Cola brands

Atlanta-based The Coca-Cola Co. signed a definitive agreement with Great Lakes Coca-Cola Distribution LLC, a wholly owned subsidiary of Reyes Holdings LLC, Rosemont, Ill. This agreement follows a letter of intent announced in February with Reyes Holdings LLC for the granting of territories in the greater Chicago area. The Coca-Cola Co. anticipates closing the transaction in 2015, but financial terms were not disclosed.


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Farmer Bros. Co. to acquire Rae' Launo's DSD and in-room distribution business

Acquisition increases Farmer Bros.’ presence in Southeastern U.S., hospitality sector

Torrance, Calif.-based Farmer Bros. Co. announced a definitive agreement to acquire from Tampa, Fla.-based Rae' Launo Corp. (RLC) assets relating to RLC's direct-store delivery (DSD) business that primarily serves convenience stores in the Southeast and its in-room distributor channel that primarily serves the hospitality industry.


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Supplier's News: November 2014

Kenworth takes T680 Advantage on the road

Kenworth Truck Co., Kirkland, Wash., took its Kenworth T680 Advantage truck on the road this summer as part of its “Efficiency in Motion” tour, which visited numerous Kenworth-dealer-hosted events throughout the United States and Canada to show the truck’s fuel efficiency and cost savings. The company completed the tour Oct. 1.


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San Diego craft breweries join forces

Green Flash Brewing Co. acquires Alpine Beer Co.

San Diego-based Green Flash Brewing Co. announced that it has acquired Alpine Beer Co., also of San Diego. Green Flash Founders Mike and Lisa Hinkley and Alpine Beer Founders Pat and Val McIlhenney noted that the merger will allow the breweries to join forces to share resources, knowledge and experience.


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Lassonde sales up double digits in Q3

Apple & Eve acquisition boosts sales

Lassonde Industries Inc., Rougemont, Quebec, posted sales of $315 million in the third quarter of 2014, marking a 22.3 percent increase compared with the prior-year period. Sales for the third quarter included the Apple & Eve LLC (A&E) portfolio, which was acquired earlier this year. Profit attributable to the company's shareholders for this period totaled $10.6 million, reflecting a decrease of $600,000 from the third quarter of 2013.


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Anheuser-Busch to purchase 10 Barrel Brewing

Oregon-based craft brewery and three brewpubs to be included in acquisition

St. Louis-based Anheuser-Busch announced its intention to purchase craft brewer 10 Barrel Brewing Co., Bend, Ore.


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DPS acquires assets of Davis Beverage Group, Davis Bottling Co.

Company adds glass package manufacturing capabilities and distribution territory

Dr Pepper Snapple Group (DPS), Plano, Texas, completed its acquisition of the business assets of Bethlehem, Pa.-based Davis Beverage Group and Davis Bottling Co. The acquisition includes a 42-county distribution territory covering most of the eastern half of Pennsylvania, excluding the Philadelphia area, as well as western and central New Jersey.


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Dinner with Tequila Don Julio

Diageo is taking its Tequila Don Julio brand on the road this summer with a rolling Airstream Speakeasy mobile craft cocktail bar. The team stopped in Chicago on July 29 to share some specialty tequila cocktails paired with food from Chicago restaurants Honey Butter Fried Chicken and The Radler as well as dessert venues Black Dog Gelato and Baker Miller. (Photos by Jennifer Haderspeck)

2/18/15 2:00 pm EST

A Healthy Future: Analyzing the latest health and wellness trends in the beverage market

The beverage marketplace continues to evolve to meet new trends and regulations. Our expert speakers will share with you their insight on what health and wellness topics will be paramount for the future success in the beverage industry.

Podcasts

Gert van Manen, president of iTi Tropicals Inc., shares his insights on the U.S. coconut water market. Citing research from Krueger Food Laboratories, he also supplies information highlighting the difference between products that declare their added sugars and those that do not.

Beverage Industry Magazine

BI January 2015 cover

2015 January

The January 2015 Beverage Industry includes a cover story on our bottler of the year, Pepsi-Cola Bottling Co. of Luverne, as well as articles about juice drinks, the 2015 New Product Development Outlook, and more. Check it out today!

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Flavors

What anticipated top-selling flavor do you think will be the most successful in 2015?
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Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

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