Atlanta-based Focus Brands Inc. (FBI) announced the successful completion of its previously announced tender offer for all of the outstanding shares of common stock of Jamba Inc. Jamba is now a wholly owned subsidiary of FBI.
DuPont Nutrition & Health is expanding its research and development (R&D) team by creating a “clean label hub” at the Brabrand facility, while TIC Gums has added 13 Non-GMO Project Verified seals to ingredients in their existing portfolio.
WX Brands, Novato, Calif., announced its purchase of the Reckless Love and Sunday Funday wine brands. Reckless Love and Sunday Funday wines join WX Brands' group of brands that include Bread & Butter, Chronic Cellars, Jamieson Ranch Vineyards, Jelly Jar and Our Daily Wines.
Acquisition will add scalable coffee platform for company
September 4, 2018
The Coca-Cola Co., Atlanta, has reached a definitive agreement to acquire Costa Ltd., which was founded in London in 1971. The acquisition of Costa from parent company Whitbread PLC is valued at $5.1 billion and will give Coca-Cola a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with the opportunity for additional expansion, the company says.
Brand to acquire all outstanding SodaStream shares
August 20, 2018
Purchase, N.Y.-based PepsiCo and Tel Aviv, Israel-based SodaStream International Ltd., announced they have entered into an agreement under which PepsiCo will acquire all outstanding shares of SodaStream for $144 per share in cash, valued at $3.2 billion, the companies said. “PepsiCo and SodaStream are an inspired match,” said Indra Nooyi, PepsiCo chairman and chief executive officer (CEO), in a statement.
Plano, Texas-based Dr Pepper Snapple Group Inc. (DPS) announced that its shareholders have approved two proposals to allow for the issuance of DPS common stock to the previously announced Agreement and Plan of Merger, the company said. The merger agreement, dated Jan. 29, 2018, says that DPS, Salt Merger Sub Inc. and Maple Parent Holdings Corp., the parent company of Keurig Green Mountain Inc., Waterbury, Vt., will share common stock, it adds.
Oregon wine company will operate independently following transaction
May 29, 2018
The Underwood family's Wilson Daniels Wholesale, New York, has agreed to acquire Portland, Ore.-based Galaxy Wine Co. from its founders, Matt Elsen and Bob Liner.
Purchase makes Bacardi No. 1 spirits company, based on IWSR data
May 1, 2018
Bacardi Ltd., Hamilton, Bermuda, completed the transaction that makes the family owned company the sole owner of Patrón Spirits International AG, Schaffhausen, Switzerland, and PATRÓN, its super-premium tequila brand. The transaction follows a successful relationship the two companies have had since Bacardi’s initial acquisition of a 30 percent minority stake in Patrón Spirits in 2008.
Acquisition designed to further Oregon wine market
April 6, 2018
Two of America's family owned and operated wineries jointly announced that Foley Family Wines, Santa Rosa, Calif., has purchased Oregon's Acrobat wine brand from King Estate Winery, Eugene, Ore.