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. 

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.

Encompass Technologies and Orchestra Software announced they will combine to become one company. Each company has played a major role in building the foundation for the beverage industry and serving as the system of record and operations in their respective markets (production and distribution).

Leadership shifts in leading ingredient companies while acquisitions signal big changes. 

Santa Maria, Calif.-based Miller Family Wine Co., a division of Thornhill Companies, announced its acquisition of BNA Wine Group's portfolio of wines, including the group’s popular Butternut brand.

C. Mondavi & Family, St. Helena, Calif., has announced plans to add imported wines to its product portfolio, starting with the acquisition of the French Blue brand from Flying Blue Imports. 

Newport Craft Brewing & Distilling Co., Newport, R.I., announced the acquisition of New York-based Radiant Pig Beer Co. With Braven Brewing Co. and Radiant Pig Beer Co., Newport Craft’s stable of products now features 26 authentic beers, and more than 10 craft spirit and cocktail labels, the craft brewer and distiller says.

PepsiCo Inc., Purchase, N.Y., announced that it has entered into an agreement to acquire Las Vegas-based Rockstar Energy Beverages for $3.85 billion.