Coca-Cola
Coca-Cola Canada Bottling Ltd. To Invest $70 Million In Upgrading Calgary Bottling Plant
Coca-Cola Canada Bottling Ltd. committed to investing $70 million in upgrading its Calgary bottling plant. The upgraded plant will be equipped with a new digital inventory management system and will have expanded capacity. The investment aims to improve customer service and marks the company’s largest funding commitment to a facility since 2018.
Coca-Cola Announces Coca-Cola Flex, A Compact Customizable Beverage Dispenser For Restaurants
Coca-Cola announced the upcoming launch of Coca-Cola Flex, a compact version of its Freestyle beverage dispenser designed for restaurants. The Flex incorporates PurePour Technology, featuring micro-dosing pumps that allow customers to tailor their beverage. The Flex will offer a selection of nine Coca-Cola brands and over 40 flavor combinations, including low-calorie, no-calorie and caffeine-free options. It is scheduled for release in early 2024.
Coca-Cola Consolidated To Invest Up To $15 Million In Expanding Monroe Manufacturing Center
Coca-Cola Consolidated said it will invest up to $15 million in expanding its regional manufacturing center in Monroe, which produces Coca-Cola beverage vending and cooling equipment. The 42,000-square-foot expansion includes the installation of a new paint booth, high-pressure cleaning equipment, and classrooms and training workstations for employees. It is scheduled for completion next year.
Swiss Pacific To Sell Swire Coca-Cola USA For Approximately $3.9 Billion
Swire Pacific, a Hong Kong-based conglomerate, announced its plans to sell Swire Coca-Cola USA to its controlling shareholder, John Swire & Sons, for approximately $3.9 billion. The sale is subject to approval from Swire Pacific’s independent shareholders. The conglomerate anticipates a consolidated gain of about $2.91 billion from the transaction and stated that the sale aligns with its strategic focus on the Greater China area and Southeastern Asia.
Monster
Monster Beverages Agrees To Acquire Bankrupt Rival Bang Energy For $362 Million
Monster Beverages has decided to acquire Bang Energy for $362 million, bringing its rival out of bankruptcy. Bang filed for bankruptcy in October 2022 following a $239 million legal defeat to Monster, which accused the brand of false advertising and misconduct. The acquisition is pending approval from the bankruptcy court and awaits review by the Federal Trade Commission.
Other Companies
The WHO’S Cancer Research Agency To Classify Aspartame As Possibly Carcinogenic
The WHO’s International Agency for Research on Cancer (IARC) is set to classify Aspartame, an artificial sweetener, as ‘possibly carcinogenic to humans’. The classification does not consider safe consumption levels, which are determined separately by the WHO’s Joint Expert Committee on Food Additives (JECFA) and national regulators. The JECFA is conducting its review of aspartame, and both the IARC and JECFA are scheduled to make announcements regarding aspartame in mid-July this year.
Lemonade Beverage Manufacturers Adapt To Health Conscious Demands, See Popularity Of RTD Hard Lemonade Cocktails
According to Laura Harper, a marketing associate at Imbibe, lemonade beverage manufacturers are catering to the growing consumer health-consciousness by adjusting formulations to be lower in sugar and calories. She also suggests lemonade beverage manufacturers are increasingly incorporating functional attributes such as adaptogens and antioxidants, and argues that lemonade beverages are gaining popularity in the alcohol sector, with the rise of ready-to-drink hard lemonade cocktails that have reduced sugar and calorie content.
Best of Poland Expands NGINE Energy Beverage Range With Two New Sugar-Free Options
Best of Poland, a UK importer & distributor of Polish food and beverages, expanded its NGINE energy beverage range with two new sugar-free options: NGINE Mojito Zero Sugar and NGINE Original Zero Sugar. The additions join the existing NGINE Original flavor. All three varieties are available in 250ml cans with an RRP of 45p.
Circle K Expands Availability Of Fit Soda To Over 600 Stores Across The US
Fit Soda, the zero-calorie soda and sports beverage from Koios Beverage Corp., is now available in over 600 Circle K stores across the US, up from 300. The beverage is made with all-natural ingredients and has no preservatives, caffeine, artificial flavors or colors. It also contains BCAAs and electrolytes, which are claimed to support post-workout recovery. Fit Soda comes in seven flavors, such as Black Cherry Cola, Root Beer Vanilla Float and Rainbow Sherbet.
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