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News in brief

Thai functional beverage firm takes US$4m stake in coconut processor

Thailand functional beverages manufacturer Sappe has taken a 40% stake coconut processor Coconut Factory Co Ltd for US$4 million. 

India

Paper Boat invests in R&D for more trendy beverage flavours

Hip beverage brand Paper Boat has budged INR130m (US$2m) for research and development at a new science and technology facility in its native Bangalore.

Australia

Coopers signs exclusive Australian Open beer supply deal

Australia’s biggest independent brewery has won the right to be the exclusive beer provider at the Australian Open for the next five years. 

Coca-Cola HBC confident of volume growth in 2016

Coca-Cola Hellenic Bottling Company saw volumes grow by 3.5% in its developing markets over the first half of 2016; but a volume decline of 2.8% in its established markets segment. 

DRINKmaple taps into conventional market with DRINKmelon watermelon water

DRINKmelon co-founder Kate Weiler’s primary goal is to make healthy hydration as accessible as possible in the beverage category with the launch of the watermelon water brand last week....

MillerCoors launches hard iced tea

MillerCoors has launched Easy Tea Co, a lightly carbonated hard iced tea with a 5% ABV (alcohol by volume) kick. 

Australia

Winery wastewater problem solved by ‘internet of things’

A water-treatment company is using the “internet of things” to command an army of bacteria in the battle against polluted winery wastewater.

Pepsi’s Stubborn Soda hits US shelves: heralding ‘the next generation of carbonated soft drinks’

PepsiCo’s craft soda line, Stubborn Soda, is launching on shelves across the US today.

BrewDog launches US crowdfunding round

Scottish craft brewer BrewDog has launched a $50m crowdfunding round in the US to ‘turbo-charge’ its US expansion. 

Nestlé announces new $43m Philippines plant to produce Milo ingredient

Nestlé’s Philippines operation is investing PHP2bn (US$43m) in a new plant south of Manila to manufacture a key ingredient for its popular Milo fortified chocolate drink. 

Dateline Southeast Asia

Coca-Cola fined following health inspection at Vietnamese factories

Coca-Cola Beverages Vietnam has been fined for various violations, including the manufacture of food supplements without the required safety certificates, following an inspection carried out by the health ministry last...

Belgium headquarters for combined AB InBev / SABMiller entity

AB InBev has announced that the new group, created by the combination of AB InBev and SABMiller, will be based in Belgium. Meanwhile, other details of the combined group –...

Australia

Craft brewery launches beers aged in Barossa Valley wine barrels

A series of craft beers aged in barrels from the Barossa Valley will be launched by Pirate Life Brewing this month.

KRā ‘fills a void’ in the sport drinks market, CEO and co-founder says

KRā, a 90-day-old sports drink company started by three business professionals in the Chicago area, says it is filling a void in the sports hydration market with its USDA Certified...

SodaStream Q2 profits sparkle after successful rebranding initiative

SodaStream’s second quarter net profits jumped 120.8% to $7.8m, compared to $3.5m accrued in the same period last year. 

Beans distributor reveals plan to tap into China’s coffee-shop culture

Gourmet coffee wholesaler DTS8 Coffee Company has plans to expand into the world’s fastest growing coffee-shop market by acquiring existing coffee chains. 

AB InBev & SABMiller merger due to complete on October 10

AB InBev and SABMiller have set out a timeline for their merger, setting the date for completion of the deal as October 10, 2016.

Heineken 2016 half year results

Heineken sees strong cider growth

Heineken has seen the cider category continue its momentum across markets worldwide, the brewer reported as it released its 2016 half year results this morning.  

SABMiller Board recommends revised AB InBev offer

SABMiller is recommending that shareholders accept a revised takeover offer from AB InBev. Meanwhile, the ‘megabrew’ deal has received conditional clearance in China. 

SABMiller ‘pauses AB InBev integration’: reports

SABMiller has paused the process of integrating its operations with AB InBev, as a new takeover offer from AB InBev is considered, according to reports.

Alchema, a smart homebrewer, launches on Kickstarter

Alchema, a smart home-brewer for craft cider, has launched on the crowdfunding site Kickstarter with the hopes of raising $80,000.

Suja sales up 80% YoY says CEO, as brand gears up for drinking vinegar launch

Suja Juice is tapping into the trend for all things fermented with the launch of organic probiotic-infused drinking vinegars targeting Millennials, says the San Diego-based firm, which has seen retail...

Australia

World’s first wine harvested from city’s botanic gardens

Wines made from grapes harvested in a tiny vineyard within a city botanic garden will be launched in South Australia in September.

News in brief

Highland Spring Group starts work on factory expansion

Highland Spring Group has broken ground on a factory extension at its Blackford site in Perthshire, as it sees continued increased demand for bottled water in the UK.  

Brexit forces changes to 'megabrew' deal

AB InBev boosts offer for SABMiller

AB InBev has revised the terms of its offer for SABMiller: now offering £45 in cash per share, up from the £44 per share set out in November 2015. 

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