


As part of its efforts to be a fully circular brand, with all bottles made from 100% recycled plastic by 2025, Evian has launched a label-free 400 ml bottle that features an “Evian pink” bottle cap. Since labels or the adhesives they use are typically non-recyclable, their presence on a bottle complicates recycling. The new Evian bottle sidesteps this by engraving the logo and tag as the bottle is being formed.
An industry analyst says energy drink maker Monster Beverage is considering an entry into the alcoholic beverage market, “most likely” with a value-added hard seltzer. “We think Monster is likely to seek distribution via a large beer network, with a product rollout in 2021,” said Stifel Financial analyst Mark S. Astrachan. The hard seltzer segment is valued at more than $2 billion and continues to grow at triple-digit rates. The analyst said Monster may launch a non-alcoholic sparkling water under the Monster brand, but an alcoholic version could be a new brand, such as Reign Total Body Fuel, without the Monster name.[Image Credit: © Monster Energy Company]
The sale of Nestlé Pure Life bottled water business to family-owned water producer Ice River Springs of Shelburne, Canada, includes two Pure Life factories located in Puslinch, Ontario and Hope, British Columbia, along with a well in Erin, Ontario. The sale follows a Nestlé Canada decision in late 2019 to focus on its international brands: San Pellegrino, Perrier, and Acqua Panna. Ice River Springs produces private label bottled water for retailers and markets the Ice River water brand. The company also runs a plastics recycling operation, BMP Recycling. The sale is contingent on completion of the regulatory review process and the deal is expected to close in Q3 2020. Until completion of the regulatory review, the Nestlé Pure Life bottled water business will continue to be run by Nestlé Canada.[Image Credit: © Nestlé Waters North America Inc.]
Chinese beverage company Hangzhou Wahaha Group Co. is considering an initial public offering that could raise more than $1 billion, Bloomberg reports. An adviser is working with the company on the IPO, which would probably take place in 2021. Wahaha markets products ranging from bottled water, yogurt drinks, and juice to instant noodles, sold in more than 30 countries, including Canada, Singapore, and the U.S. It maintains 80 production plants and employs about 30,000 workers. Bloomberg notes that Wahaha joins fellow Hangzhou-based beverage firm Nongfu Spring Co. in seeking a first-time share offering. Nongfu filed for its Hong Kong IPO in late April and plans to raise about $1 billion.[Image Credit: © Hangzhou Wahaha Group Co.,Ltd.]