Coca-Cola
Coca-Cola Recalls Soda Products Sold On U.S. Military Bases
According to Commissaries.com, the company is voluntarily recalling a limited quantity of Coca-Cola and Sprite sodas packaged in 12-oz. cans due to the possible presence of foreign matter. Pentagon unit Defense Commissary Agency publicized the recall to all its stores, said Richard Stith of DeCA headquarters at Fort Lee, Va. These products were distributed in the Southeastern states.
New Coca-Cola Philippines Recycling Center To Open Early In 2022
The Philippines branch of Coca-Cola says its food-grade bottle-to-bottle plastic recycling facility in General Trias, Cavite, will start operations in the first quarter of next year. Known as PETValue, the facility is a joint venture between Coca-Cola Philippines and green technology and packaging provider Indorama Ventures. It is intended to boost the Philippines’ domestic recycling capabilities and improve the circular economy for polyethylene (PET) bottles in the country. PETValue will have an estimated capacity of around 30,000 tons of post-consumer PET plastic bottles, equivalent to almost two billion pieces of plastic bottles. Last month, Coca-Cola collaborated with biomass-to-chemical technology licensor Changchun Meihe Science & Technology to launch a prototype bottle made entirely from plant-based plastic.
Coca-Cola Uganda Promotes Ades Nutri-Bushera With Week-Long Tour
Coca-Cola Beverages Africa in Uganda recently launched a week-long tour introducing residents of Western Uganda to Ades Nutri-Bushera, its version of the traditional drink made in Ugandan households. The drink is traditionally consumed at social gatherings such as weddings, child naming ceremonies, and traditional gatherings. For the tour, the company partnered with tourism operators, cultural groups, and local residents to introduce the drink and “educate consumers about its health benefits and great taste.” Ades is Coke’s global brand for plant-based beverages.
Danone
Danone Egypt May Increase Production Capacity By 40% Over Next Two Years
The Cairo-based maker of dairy and child nutrition products reports a 25 percent growth in the volume of its business in the last two years, where the last year saw the best results for the company in the past five years, despite many pandemic- and inflation-related challenges. The company says it is exploring the possibility of adding production lines during the next two years to achieve a 30-40 percent increase in capacity.
Monster
Monster Beverage In Merger Talks With Corona Brewer?
The Corona, Calif.-based energy drinks company, in which Coca-Cola is a major shareholder, is reportedly exploring a combination with Corona beer brewer Constellation Brands Inc. Citing unnamed sources, Bloomberg reported that Monster has discussed a potential deal with advisers. The company has a market value of $48 billion, while Constellation Brands is worth $44 billion. Bloomberg said the exact structure of a potential tie-up couldn’t be immediately learned and it’s unclear whether discussions will lead to a full merger or asset deal. Constellation Brands (Victor, N.Y.) started as a wine producer in 1945, and now sells Corona Extra and Modelo Especial in the U.S., as well as Casa Noble Tequila and Svedka Vodka. Any transaction with Constellation would require the support of the Sands family.
Other Companies
Sales Of Drink-At-Home Coffee Brands Jumped 8% During Pandemic
J.M. Smucker, the maker of at-home coffee brands Folgers, Dunkin’, and Café Bustelo, saw an eight percent increase in sales over last year, thanks mostly to the drink-java-at-home trend induced by the pandemic. The company’s breakfast and lunch products are still seeing a benefit from the at-home trend, but "coffee specifically" is seeing significant upside from home-bound customers. According to the company, 72 percent of coffee consumption now takes place at home, compared to 65 percent prior to the pandemic. Coffee brands within the J.M. Smucker are "helped by that dynamic." Smucker announced plans in August to raise prices on coffee and other products. This past week coffee prices surged to a seven-year high.
Researchers Seek Revival Of Mexico’s Traditional Fermented Beverages
Writing in the journal Foods, Mexican and U.S. scientists have called for the recovery and conservation of ancient fermented drinks that could offer an “outstanding reservoir” of genetic resources such as plants, yeasts, and bacteria. They fear that the globalization of food systems and dominance of big brands will lead to the extinction of traditional and healthful beverages. The growing popularity of drinks like tepache (a fermented beverage made from pineapples), tesguino (an artisanal corn beer), and colonche (a red alcoholic drink made from prickly pear) in cities like Tucson, Ariz., indicate the commercial potential of the beverages. Mexico’s array of traditional fermented beverages includes tepache, pulque, mescal, colonche, jobo or hobo, colonche, nawait, pozol, tejuino, tesgüino, piznate, taberna, cocoyol, tuba, Mexican palm wine, balché, and xtabentún.
BlueTriton Brands Completes Purchase Of Saratoga Water
Seeking to enter the upscale beverage space, the Stamford, Conn.-based spring water company said it has completed the acquisition of certain assets of Saratoga Spring Water Company (SSWC), a producer of premium domestic spring water based in Saratoga Springs, N.Y. SSWC delivers spring water products in premium packaging nationwide to customers in the hospitality and retail channels. Financial terms of the transaction were not disclosed.
Eybna, Gat Foods Partner To Develop Terpene-Based Drinks
The Long Beach, Calif.-based botanical medicine company’s collaboration with Gat Foods (CBC Group, Israel) is focused on development of functional beverages featuring terpene formulations to achieve specific physiological effects. Through the partnership, CBC Group says it hopes to strengthen its position in the global wellness market using Eybna’s data-driven functional formulations. Eybna recently launched the Receptor Specific Line of botanical formulations based on a decade of research and biological data analysis. Each formulation’s compounds activate receptors within the body, targeting consumer wellness needs such as focus, sleep, anxiety, pain, inflammation, and mood management.
Clover Sonoma Dairy Introduces Eco-Friendly Milk Jug
The Petaluma, Calif.-based dairy – a “family-owned, third-generation, Certified B Corporation business” – announced that it is the first dairy to offer a post-consumer recycled (PCR) gallon milk jug. Starting with 30 percent PCR content in its organic gallon milk line, the company has committed to increasing the PCR content and extending PCR content use across all Clover Sonoma gallon milk jugs by 2025. According to the company, using PCR content in plastic packaging creates a closed loop system for recycling plastic gallon milk jugs and ensures plastic is neither created nor destroyed but re-used.
Unilever To Divest Big Chunk Of Its Global Tea Business
Luxembourg-based CVC Capital Partners Fund VIII has agreed to pay €4.5 billion ($5.1 billion) for global tea business Ekaterra, whose portfolio comprises 34 tea brands, including Lipton, PG Tips, Pukka, T2, and Tazo. The deal excludes Unilever’s tea businesses in India, Nepal, and Indonesia, as well as its interests in the Pepsi Lipton ready-to-drink tea joint ventures and associated distribution businesses. According to Unilever, the Ekaterra tea business generated €2 billion ($2.3 billion) in revenue in 2020. The acquisition is subject to regulatory approvals and is expected to be completed in the second half of 2022.
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