SABMiller Plc and Coca-Cola Co. agreed with the South African government to protect jobs and set up two 400 million-rand ($27 million) development funds in order to secure antitrust approval for the creation of bottling operations for non-alcoholic beverages in southern and eastern Africa. (Bloomberg)
Anheuser-Busch InBev, set to increase its global beer leadership by buying SABMiller , reported lower than expected earnings in the first three months after it sold 10 percent less beer in its second largest market, Brazil. (Reuters)
Califia Farms has expanded its operations’ footprint in Bakersfield, California with a 52,000-square-foot state-of-the-art distribution center. The new distribution center sits adjacent to Califia’s 40,000 square foot bottling plant in the heart of California’s agricultural center, and runs 24/7 to meet the needs of the company’s rapidly growth in plant-based beverages, including its popular Almond milks, creamers and RTD cold brew coffees and line of citrus juices, made from California-grown Meyer lemons, tangerines and oranges.
Stone Brewing has announced True Craft, a company established to invest in craft breweries which are dedicated to remaining true to the definition of craft beer. Representing camaraderie in the industry, True Craft will make minority investments in craft brewers while allowing those breweries to retain their independent soul and control.
Tractor Soda Co., the beverage industry’s newest 100% certified organic, non-GMO, crafted fountain soda producer will officially begin national distribution this month. With a mission to provide customers with organic, handcrafted sodas through fast casual restaurants, Tractor Soda will now be available nationwide with distribution partner, Dot Foods.