Vita Coco attracts US$20M investment ahead of planned IPO

US – Coconut water brand Vita Coco has attracted a US$20 million investment from an entity affiliated with Keurig Dr Pepper.   The investment was made as a private placement, buying out an existing shareholder, Verlinvest Beverages, according to an updated S-1 filing with the Securities and Exchange Commission.  The updated S-1 filing did not identify the investor except to note that it was “an entity affiliated with Keurig Dr Pepper.”    The investment comes as Vita Coco moves a step closer toward its IPO which is expected to debut in October, this…

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Keurig Dr Pepper, Hershey report strong Q2 results as markets recover from pandemic downturn

US – Leading producer and distributor of hot and cold beverages Keurig Dr Pepper (KDP) and multinational chocolate company Hershey have reported strong second quarter results boosted by recovering demand in major markets globally.  KDP, saw its Q2 net sales grow 9.6% to US$3.14 billion driven by what its executives describe as growth across its business segments.  Both of the beverage giant’s largest units saw overall net sales growth in Q2 with packaged beverages growing its net sales by 7.6%, while coffee systems recorded a 5.6% increase.  The coffee systems segment saw nearly flat pod volume…

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Kraft Heinz, Keurig Dr Pepper report strong Q1 results buoyed by extended at home consumption

US – Kraft Heinz and  Keurig Dr Pepper, two of America’s most popular food brands have reported strong Q1 results, as sustained at home consumption amid a pandemic maintained the high demand for their goods that started at the onset of the pandemic. As a result, Kraft reported a 2.5% organic growth for the quarter beating estimates that had projected the company to record flat-to-positive organic net sales growth “Our first quarter was better than expected, with our team delivering strong results on top of exceptional growth last year,” said…

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Keurig Dr Pepper optimistic about 2021 after posting strong 2020 full year results

US – Leading producer and distributor of hot and cold beverages Keurig Dr Pepper (KDP) is confident of a successful 2021 after it net sales jumped 4.5% to $11.62 billion in 2020. The company witnessed a strong finish to 2020, with its fourth-quarter net sales rising by 6.4% to US$3.12 billion, driven by market share gains across its portfolio and more households using the Keurig system. Operating income stood at US$2.48 billion for the full-year, compared to US$2.38 billion last year, representing a 4.3% increase driven by strong sales. In…

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Keurig introduces touch-free coffee brewing features even as Europe implements new regulations for vending machines

US – Keurig Commercial, the out-of-home coffee division of Keurig Dr Pepper, has introduced touch-free brewing features to its range of bean-to-cup coffee machines for workplaces. Developed in response to the Covid-19 pandemic, the Keurig Remote Brew app reportedly allows users to select and customise beverages from Keurig coffee machines using a smartphone, without touching the machines physically. To enable use of the Remote Brew App, Keurig Commercial customers can install a Bluetooth kit on their Eccellenza Touch and Eccellenza Momentum bean-to-cup brewers. Once the Bluetooth kit is installed, a…

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Mondelēz International offloads part of its stake at beverage company Keurig Dr Pepper

USA – Mondelēz International, a snacks company, has agreed to sell part of its stake in Keurig Dr Pepper, a producer and distributer of beverages, to a financial services firm for a total consideration of approximately US$362.7 million. The global snack and confectionery company became a minor stakeholder in Keurig Green Mountain in 2016 after it exchanged a portion of its ownership in Jacobs Douwe Egberts for a 24% stake. Following the merger between Keurig Green Mountain and Dr Pepper Snapple in 2018, Mondelēz’ existing stake translated into a 13-14%…

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Keurig Dr Pepper partners Nestlé USA for Starbucks K-Cup Pods in North America

USA – Keurig Dr Pepper (KDP) has entered into a long-term, strategic agreement with Nestlé USA to manufacture and distribute Starbucks branded packaged coffee in K-Cup pods in the U.S. and Canada. The new agreement with Nestlé, which acquired the rights in August 2018 to market and distribute Starbucks CPG and Foodservice products outside of Starbucks coffee shops globally, will replace the existing K-Cup pod agreement between KDP and Starbucks following a transition period.  Keurig Dr Pepper Chief Commercial Officer, Derek Hopkins commented, ” [This] announcement with Nestlé recognizes the…

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Keurig Dr Pepper acquires caffeinated sparkling water maker Limitless

USA – Keurig Dr Pepper has acquired Limitless, a Chicago-based caffeinated sparkling water maker and other coffee and tea products, for an undisclosed sum. Limitless was founded in 2016 by Matt Matros, who also founded the Protein Bar chain, and currently produces a range of zero calorie sparkling caffeinated waters. Limitless’ products are available in different flavours including Watermelon, Ginger Mint, Cucumber Pear, Blood Orange, Lemon Lime and Grapefruit Hibiscus and currently sold in Walmart, HyVee, Mariano’s and other grocery stores. KDP said that Limitless is a rapidly growing company adding…

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Coca-Cola, PepsiCo and Keurig Dr Pepper join forces on plastics recycling initiative

USA – Leading soft beverage companies, The Coca-Cola Company, PepsiCo and Keurig Dr Pepper have teamed up under a new plastic recycling initiative dubbed ‘Every Bottle Back’ that seeks to reduce plastic waste pollution. Spearheaded by the American Beverage Association (ABA), the firms will aim to improve the quality and availability of recycled plastic in key regions of the USA by directing the equivalent of US$400m to The Recycling Partnership and Closed Loop Partners. As part of the initiative, a US$100 million fund will be used to improve sorting, processing…

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McDonald’s partners with Keurig Dr Pepper for distribution of McCafé coffee in the US

USA – McDonald’s USA has entered into long-term master licensing and distribution agreement with Keurig Dr Pepper (KDP) for McCafé packaged coffee in the US. Under the new partnership, which brings together the national McCafé brand with Keurig Dr Pepper’s leadership in specialty coffee and tea, KDP will continue to be the exclusive manufacturer of McCafé K-Cup pods in the US. KDP will also take on responsibility for coffee sourcing, distribution and marketing of the McCafé brand in K-Cup pods and bagged and canned coffee formats in all classes of…

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