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.

Read full post here.

Evolution Fresh launches kombucha line

After spending nearly two decades developing juice and smoothie drinks, Evolution Fresh is entering one of the hottest categories in beverage: kombucha. Evolution Fresh, which is owned by Starbucks, has begun the initial rollout for a six-SKU line of organic kombucha at retailers in seven major U.S. cities: Seattle, Los Angeles, San Francisco, San Diego, Chicago, Boston and New York City. The product is packaged in a 15.2 oz. glass bottle and available in six flavors: Ginger Lemon Honeycrisp, Mango Pineapple, Ginger Greens, Spicy Greens, Pink Grapefruit and Turmeric Pineapple Coconut.

Read full post here.

 

Stonyfield Organic launches Snack Packs

As a further commitment to creating better for you grab-and-go options for kids and parents, Stonyfield Organic, the country’s leading organic yogurt maker, today introduces three new snacking options perfect for families on the move. Featuring a duo of creamy organic lowfat yogurt paired with either organic graham crackers or organic pretzels for dipping, the new Organic Snack Packs are the latest addition to Stonyfield’s kid-friendly line-up of organic yogurt, pouches, smoothies, tubes, and string cheese.

Read full post here.

Keurig Dr Pepper completes Merger between Keurig Green Mountain and Dr Pepper Snapple Group

BURLINGTON, Mass. & PLANO, Texas — Keurig Dr Pepper (NYSE: KDP) today announced the successful completion of the merger between Keurig Green Mountain and Dr Pepper Snapple Group. The transaction creates the seventh-largest company in the U.S. food and beverage sector and third-largest beverage company in North America, with annual revenues of approximately $11 billion.

Read full post here.

 

Conagra acquires Pinnacle for $10.9 B

Conagra Brands announced today that it will acquire Pinnacle Foods for $10.9 billion in cash and stock. The deal is expected to close before the end of 2018. The merger of Conagra and Pinnacle makes the duo the second-largest U.S. frozen food company behind Nestle. Pinnacle’s portfolio — which includes brands such as EVOL, Udi’s, Glutino and Birds Eye — also helps Conagra with the company’s multi-year transformation plan. Combined, the new conglomerate’s net sales are approximately $11 billion based on both Pinnacle and Conagra’s latest fiscal year results.

Read full post here.