Beverages: Page 10
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Courtesy of Pizza Hut
ColumnThe Weekly Sip: Pizza Hut uncorks tomato wine | Anheuser-Busch spends $14M to improve Houston brewery
In other beverage news, PKN debuted a barista version of its pecan milk for lattes and cappuccinos.
By Chris Casey • Nov. 21, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway rejects Danone’s second takeover offer
The kefir company said the revised $27 a-share proposal substantially undervalues” its business.
By Christopher Doering • Nov. 20, 2024 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Christopher Doering/Food Dive
Nestlé to cut $2.8B in costs, separate water into standalone business
The packaged goods giant also plans to fix, rather than sell, the majority of its underperforming businesses, CEO Laurent Freixe told investors and analysts.
By Christopher Doering • Nov. 19, 2024 -
Courtesy of Electrolit
Hydration beverage maker Electrolit invests $400M in first US plant
The company, with nearly half a billion in annual sales nationwide, is doubling down on its recent success and the popularity of electrolyte-infused drinks.
By Chris Casey • Nov. 19, 2024 -
Retrieved from Lifeway Foods.
Danone boosts offer for kefir maker Lifeway Foods to $307M
In a letter, the dairy giant said it was “disappointed” by the response to its earlier $283 million proposal and noted the increased price “fully reflects the fundamental potential of the Company.”
By Christopher Doering • Nov. 15, 2024 -
Courtesy of Diageo
ColumnThe Weekly Sip: Diageo leans into luxury spirits | Cheerwine gets into the holiday spirit with ale
In other beverage news, juice maker Langers debuted a craft cola with better-for-you ingredients.
By Food Dive staff • Nov. 14, 2024 -
Courtesy of Keurig Dr Pepper
Keurig Dr Pepper taps new CMO to accelerate digital-first marketing
Drew Panayiotou, most recently of Pfizer, is tasked with embracing new technology and keeping up momentum for brands like Dr Pepper.
By Peter Adams • Nov. 13, 2024 -
Justin Sullivan via Getty Images
Heineken USA names new CMO focused on brand building
Alison Payne, who succeeds longtime marketer Jonnie Cahill, previously revamped brands like Dos Equis and oversaw global beer offerings.
By Peter Adams • Nov. 11, 2024 -
Courtesy of Molson Coors
Molson Coors to shutter Leinenkugel’s brewery in Wisconsin
The brewer said it is moving manufacturing to its larger Milwaukee facility to cut costs.
By Chris Casey • Nov. 8, 2024 -
Jack Taylor via Getty Images
ColumnIngredients in Focus: Taurine
A recent study found the common ingredient in Red Bull and Monster energy drinks may be linked to heart health benefits.
By Elizabeth Flood • Nov. 7, 2024 -
Courtesy of Molson Coors
Molson Coors buys majority stake in Zoa energy drinks
The beverage giant will now control marketing and retail operations for the better-for-you brand, which was co-founded by Dwayne “The Rock” Johnson.
By Chris Casey • Nov. 7, 2024 -
Permission granted by DirectSens
Kerry Group acquires lactose testing technology
The taste and nutrition giant said the LactoSens platform is used by food and beverage companies to check for the sugar naturally found in dairy products.
By Elizabeth Flood • Nov. 7, 2024 -
Permission granted by Danone
ColumnThe Weekly Sip: Danone debuts plant-based milk for kids | Celsius sees sales boost
In other beverage news, XXI Martinis is shaking up the holiday season with its limited Chocolate Peppermint beverage.
By Food Dive staff • Nov. 7, 2024 -
Courtesy of Lifeway Foods, Inc.
Lifeway Foods rejects Danone’s $283M ‘opportunistic’ takeover offer
The keifer maker said its board determined that the “proposal substantially undervalues” the company and was not in the best interest of its shareholders.
By Christopher Doering • Nov. 5, 2024 -
Courtesy of Waterloo Sparkling Water
Sparkling water brand Waterloo looks to benefit from mocktail craze
A top executive said the company is looking to nonalcoholic cocktails to grow usage occasions for its seven-year-old beverage.
By Chris Casey • Nov. 5, 2024 -
Christopher Doering/Food Dive
Food and beverage M&A activity appears to be picking up: CoBank
Consumer interest in better-for-you snacking and struggles in plant-based meat alternatives could make these sectors attractive for dealmaking, the bank cooperative noted.
By Christopher Doering • Nov. 4, 2024 -
Christopher Doering/Food Dive
Celsius Holdings boosts innovation, production capacity with $75M co-packer purchase
The beverage company said the acquisition provides it with the flexibility to grow in a competitive energy drink market forecast to reach $30 billion in five years.
By Christopher Doering • Nov. 1, 2024 -
Courtesy of Coca-Cola
Coca-Cola relaunches Mexican soft drink brand Barrilitos in California and Texas
The beverage manufacturer said the fruity offering, which first launched in 1938, appeals to consumers craving nostalgia and a connection to heritage and authenticity.
By Christopher Doering • Nov. 1, 2024 -
Permission granted by PepsiCo
PepsiCo to shutter 3 more bottling plants, lay off hundreds
The closing of locations in Ohio, Pennsylvania and Georgia comes just days after the beverage giant abruptly shut down a Chicago facility.
By Christopher Doering • Oct. 31, 2024 -
Courtesy of Danone
ColumnThe Weekly Sip: Danone creates cold brew energy drink | Fireball bottles the tears of football fans
In other beverage news, V8 partners with Grillo’s Pickles on a bloody mary canned cocktail.
By Food Dive staff • Oct. 31, 2024 -
Kris Connor via Getty Images
Campari plans to offload some brands amid dampened spirits demand
Priority brands like Aperol and Skyy Vodka will remain within the Italian beverage company's portfolio as it aims to simplify its approach, the CFO told investors.
By Chris Casey • Oct. 31, 2024 -
Courtesy of Del Monte Foods
Thinking outside the can: Del Monte Foods puts Gen Z, millennials in its innovation ‘crosshairs’
The company, known for its signature canned vegetables and fruit cups, is turning to bold flavors and novel products to stay relevant with younger consumers.
By Christopher Doering • Oct. 30, 2024 -
Courtesy of Jones Soda
Jones Soda loses another CEO as turnover continues
The beverage company will be run by its chairman on an interim basis as it searches for another executive to take over the top post.
By Christopher Doering • Oct. 29, 2024 -
Courtesy of Diageo
Diageo doubles nonalcoholic Guinness production
The Irish brewer said increased investment will help grow the reach of Guinness 0.0 as consumers increasingly opt to moderate their drinking.
By Chris Casey • Oct. 29, 2024 -
Michael M. Santiago / Staff via Getty Images
PepsiCo to shutter Chicago bottling plant, laying off more than 100 workers
The union representing the employees sharply criticized the closure, noting that the beverage giant failed to provide the required 60-day notice.
By Christopher Doering • Oct. 29, 2024
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