E. & J. Gallo Winery (Gallo), Modesto, Calif., announced that its spirits division has signed an agreement to acquire Agave Loco LLC, the owner of RumChata, a leading cream liqueur brand.

One Rock Capital Partners LLC, in partnership with Metropoulos & Co., announced completion of the previously announced acquisition of Nestlé Waters North America (NWNA) from Nestlé S.A.

Nestlé USA, Arlington, Va., announced that it has acquired Essentia Water, Bothell, Wash. Essentia pioneered ionized alkaline water more than 20 years ago and is a leading brand in that space in the United States. This transaction is part of Nestlé's continued transformation of its global water business, which was announced in June 2020. The company is sharpening its portfolio to focus on international premium and mineral water brands and healthy hydration products, such as functional water. 

Beverage ingredient suppliers are investing capital expenditures into expanding existing facilities or building new ones.

PowerPlant Ventures announced that the fund has acquired ZICO coconut water from The Coca-Cola Co., Atlanta. PowerPlant Ventures, a growth equity investor, was co-founded and is co-led by Mark Rampolla, who is the brand visionary behind ZICO, which he founded in 2004 and sold to The Coca-Cola Co. in 2013. 

E. & J. Gallo Winery (Gallo), Modesto, Calif., has completed the acquisition of more than 30 wine brands from Constellation Brands Inc., Victor, N.Y. 

Flavorchem to present on fragrance and flavors trends, as several ingredient companies expand their teams, resources and product lines to meet demands on the cusp of such trends.

Ingredient suppliers have announced new partnerships and new hires.

Denver-based Caribé Juice, a minority-owned business, has acquired WTRMLN WTR, a female-founded company with a mission-forward brand and product portfolio. Caribé Juice is committed to continuing to advance the drink clean mission of WTRMLN WTR.