Keurig Dr Pepper CEO Ozan Dokmecioglu told investors last week that the company is evaluating potential acquisition targets in the energy drink category. Speaking at a Sept. 7 conference hosted by Barclay’s, Dokmecioglu said energy “provides a white space for us” and that the company is “looking at some opportunities from an inorganic activity.” He added that energy is “a high-growth, high-margin and strong platform that we like to take a more meaningful play.”
Coca-Cola and bottler Arca Continental announced a new long-term agreement this week to align “key economic aspects of the business relationship,” Arca said in a statement. The agreement, covering Mexico, Ecuador, Peru, and Argentina, also perfects “service for customers and consumers,” and promotes “new avenues of profitable growth,” Arca also said. As part of the deal, “the Coca-Cola Company will seek to capitalize on the learning and capabilities of Yomp!, a digital platform that Arca Continental has been using in Mexico for more than a decade to develop and modernize small stores,” Arca also said.
PowerPlant Partners, an investor in plant-based food and beverage companies, has raised $300 million for the firm’s third investment fund. PowerPlant’s founders include Zico founder Mark Rampolla, who also is co-managing partner.
NewAge has agreed to sell its direct store delivery division to Colorado-based Legacy Distribution. NewAge filed for Chapter 11 bankruptcy protection in August after defaulting on its debt. Earlier this year, Brent Willis, the former Cott CEO, resigned as CEO of NewAge as the reins were handed to board chairman Ed Brennan as interim CEO. In a statement, NewAge’s DSD unit serves 5,000 outlets in Colorado, the company said.
Coca-Cola Japan and Kirin Holdings have partnered to develop health drinks with a Kirin-patented “postbiotic” ingredient called LC-Plasma that the company says boosts immunity, according to news agency Nikkei.
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