Articles Tagged with ''mergers and acquisitions''

Beverage ingredient suppliers are collaborating with other companies as a way to expand their distribution reach and develop new products.

Sufferfest Beer Co., San Francisco, will join Sierra Nevada Brewing Co., Chico, Calif., and Mills River, N.C., the breweries announced. Sierra Nevada will acquire 100 percent of Sufferfest, which is the company’s first-ever acquisition. The breweries stated shared values, commitment to innovation, and common goals as the root of the partnership, they add.

The transaction is another step in PepsiCo’s Performance with Purpose journey, supporting health and wellness through environmentally friendly, cost-effective and fun-to-use beverage solutions, and the company’s Beyond the Bottle strategy to form a more sustainable beverage ecosystem, it says.

The Sazerac Co., Louisville, Ky., has completed the purchase of a number of brands from Star Industries, Syosset, N.Y., and Black Prince Distillery, Clifton, N.J.  

Keurig Dr Pepper (KDP), Burlington, Mass., and Plano, Texas, have entered into a definitive agreement to acquire CORE Nutrition LLC at a value of $525 million, or approximately $435 million net of anticipated tax benefits.

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.

Beverage ingredient suppliers have announced new expansions as well as several leadership appointments.

Sazerac Co. Inc., Metairie, La., announced it will be purchasing 19 brands from London-based Diageo plc, including brands across the spirits and beer categories, the company says.