
Coca‑Cola HBC (Zug, Switzerland) announced it will acquire privately-held Italian mineral water and sparkling beverage company Acque Minerali S.r.l. The $96.9 million acquisition will be made through Coca‑Cola HBC’s wholly-owned subsidiary, Coca‑Cola HBC Italia S.r.l. The selling shareholders are the private equity fund IDeA Taste of Italy, managed by DeA Capital Alternative Funds SGR S.r.l., the Invernizzi family, and Eataly Distribuzione S.r.l. Acque Minerali’s mineral water and adult sparkling beverages, sold under the Lurisia brand, are sourced from springs 1,400 meters above sea level in Monte Pigna. [Image Credit: © Acque Minerali S.r.l.]
Coca-Cola European Partners (CCEP) announced it will replace the plastic shrink wrap used to keep cans together within multipacks with cardboard. According to the company, use of sustainably-sourced cardboard will remove approximately 4,000 tons of single-use plastic a year. The move to 100 percent recyclable cardboard will take place across its western European business, supporting the company’s Action on Packaging commitment to make all packaging recyclable or reusable by 2025. In June, Coca-Cola announced that its Honest, Glaceau Smartwater, and Chaudfontaine brands in Western Europe will be sold in bottles made from 100 percent recycled plastic (rPET), replacing 9,000 tons of virgin plastic per year across Western Europe. [Image Credit: © Coca-Cola European Partners]
Monster Beverage Corp. (Corona, Calif.) reported net sales of $1.10 billion for the 2019 second quarter, an 8.7 percent increase over the same period last year. Gross sales for the quarter increased eight percent to $1.29 billion from $1.19 billion a year ago. The Monster Energy Drinks unit, which includes the company’s Monster Energy drinks and Reign Total Body Fuel high performance energy drinks, increased 9.6 percent to $1.02 billion for the 2019 second quarter, from $929.4 million for the 2018 second quarter. Gross profit as a percentage of net sales for the quarter was 59.9 percent, compared with 61.1 percent in the 2018 second quarter.[Image Credit: © Monster Energy Company]


Pittsburgh-based Kraft Heinz announced a partnership with cream liqueur maker Baileys to launch non-alcoholic Baileys Ready-to-drink Cold Brew in cans. Also announced is the availability of Baileys Roast & Ground Coffee bags ($7.99) and K-Cup pods (10 for $7.99). Original Baileys is a blend of Irish dairy cream, spirits, and aged Irish whiskey. The RTD Cold Brew will launch with Irish Cream and Salted Caramel flavors ($2.39/can); more flavors will be introduced next year. Baileys Ready-to-drink Cold Brew cans are available at grocers, mass merchandise, and online.[Image Credit: © The Kraft Heinz Company]
Los Angeles-based Califia Farms has introduced a shelf-stable canned Nitro Draft Latte made with oatmilk. The company says the Nitro Draft Lattes open with an audible "whoosh" sound that indicates the release of nitrogen into the coffee via a specialized nitro widget and frothed the creamy oatmilk. The new beverage is made with arabica beans sourced via Direct Trade from partners in South and Central America and East Africa. Nitro Draft Lattes are available in black & white, XX espresso, salted caramel, and mocha flavors. The oatmilk is non-GMO, kosher and vegan, and free of nuts, allergens, soy, gluten, carrageenan, BPA, dairy and preservatives. The seven-ounce drinks are available for $2.99/can on CalifiaFarms.com, Amazon.com and in core U.S. markets. A broader roll out including e-commerce, convenience and grocery store partners will continue through the end of the year.[Image Credit: © PR Newswire]