James Quincey named Chairman of Coca-Cola Company

Coca-Cola president and CEO James Quincey was named the company’s new chairman, assuming the role from his predecessor as chief executive, Muhtar Kent. Kent, a 40-year veteran of the company, will remain as chairman until April when he will formally retire following the company’s 2019 annual meeting.

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Carolina Beverage Group appoints Brian Demos as president and CEO

Carolina Beverage Group, LLC (“Carolina Beverage Group”), a wholly-owned portfolio company of Brynwood Partners VIII L.P. and Brynwood Partners VII L.P. announced that it had appointed Brian Demos as its new President and CEO. “We are delighted to have hired Brian as President and CEO of Carolina Beverage Group. The rapid innovation occurring in the beverage category requires a dynamic leader and Brian brings the perfect combination of scientific knowledge, commercial application, and general management experience to Carolina Beverage Group,” said Henk Hartong, Brynwood Partners’ Chairman and CEO.

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After review, Campbell drops Fresh division

As the result of a larger strategic review of operations initiated in May, the Camden, N.J.-based company today announced plans to sell off its Campbell Fresh division, which includes brands such as Bolthouse Farms, Garden Fresh Gourmet and its line of refrigerated soups. It also intends to sell its international businesses, excluding Canada, which include Arnott’s and the Kelsen Group.

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Coke acquires Costa Coffee for $5B

The Coca-Cola Company today announced it has reached an agreement for the acquisition of London-based coffee company Costa Limited. The deal, valued at $5.1 billion, is the largest brand acquisition in the company’s history and is expected to close in the first half of 2019. The move represents a new frontier for the world’s largest beverage company, as it moves into brick-and-mortar retail for the first time and takes over a complex global supply chain in coffee, a highly competitive category.

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PepsiCo acquires SodaStream for $3.2 Billion

Over the years Coke’s acquisitions have shown the company has guts, spunk, and chutzpah. Now they’ve got Moxie. The Coca-Cola Company has purchased cult favorite soda brand Moxie from independent bottler Coca-Cola of Northern New England (CCNNE) for an undisclosed sum, the company announced today. The transaction is expected to close in the fourth quarter.

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