PALM BEACH, Florida, December 9, 2016 /PRNewswire/ --
Consumers are opting for ready-to-drink, healthier brand beverages which have a longer shelf life but more importantly, better
quality with less unnecessary preservatives and additives. This shift in consumer demand has led to new growth opportunities for
companies such as: Long Island Iced Tea Corp. (NASDAQ: LTEA), Dr Pepper Snapple Group, Inc. (NYSE: DPS), Monster Beverage Corp.
(NASDAQ: MNST), Pepsico, Inc. (NYSE: PEP) and The Coca-Cola Company (NYSE: KO).
Long Island Iced Tea Corp. (NASDAQ: LTEA), a growth-oriented company focused on the ready-to-drink ("RTD") tea segment
in the beverage industry, today announced that it has reached an agreement to acquire the ALO Juice® beverage brand and trademark
rights from The Wilnah International, LLC ("Wilnah") for a purchase price of 5,000 shares of the Company's common stock. The
closing of the transaction is subject to customary conditions, and is expected to occur in the first quarter of 2017. Read the
full LTEA Press Release and more news at: http://marketnewsupdates.com/news/ltea.html
The Company has acted as a distributor of ALO Juice® since February 2016 and has sold nearly
$1 million of ALO Juice® to date. According to Chicago-based
market research SPINS LLC this segment of the beverage market is projected to continue to grow worldwide for the foreseeable
future with the total U.S. market having grown 11% in the past year to $146 million. The Company
believes the acquisition will further enable it to meet growing consumer demand for better-for-you beverages. Philip Thomas, Chief Executive Officer of the Company, stated, "We are continuing to see a shift towards
healthier beverages and ALO Juice® offers a product which is aligned with this movement."
Mr. Thomas further commented, "ALO Juice® is a terrific brand. We are excited that it will mark the first brand acquisition in
our five-year history. We expect this acquisition to provide our Company with the ability to capitalize on the growth in the
better-for-you beverage category, both in the U.S. and international markets, alongside our flagship Long Island Iced Tea
brand®."
For a complete insight into LTEA operations go to this free, independent report: http://investmentresearchreport.com/LTEA/?=fn Source:
ALG Financial
In other Beverage developments and happenings in the market:
Dr Pepper Snapple Group, Inc. (NYSE: DPS) recently announced that it has reached an agreement to acquire Bai Brands,
LLC ("Bai" or the "Company"), and its complete portfolio of high-growth premium antioxidant infused beverages. The cash purchase
price of $1.7 billion includes a tax benefit of approximately $400
million on a net present value basis and will be financed through new unsecured notes and short term commercial paper. We
expect to maintain our strong investment grade credit profile and have no plans to change our existing shareholder dividends and
share repurchase distributions.
Monster Beverage (NASDAQ: MNST) had a difficult third quarter, but Cowen says it's not time to give up on the stock.
Analyst Vivien Azer reiterated an Outperform rating on Monster Wednesday, although she did
slightly lower her target price, to $52 from $54, citing currency
headwinds. She writes that recent Nielsen data has been encouraging, as Monster has notched two straight months of accelerating
growth. http://blogs.barrons.com/stockstowatchtoday/2016/12/07/monster-beverage-hope-for-2017/?mod=yahoobarrons&ru=yahoo&yptr=yahoo
In an article published by TheStreet.com, PepsiCo (NYSE: PEP) wants to deliver a meal to you, the lazy urban
millennial. The soda and snack giant said Tuesday that it has hooked up with online meal kit marketplace Chef'd to deliver three
Quaker Oats-branded meals, all featuring the brand's trademark oats as the star. People who order the Quaker Oats-inspired meals
receive all the necessary, pre-portioned ingredients and step-by-step instructions for making the meal. The meal kits, which will
cost $10 for a serving of two, will also include a mason jar as well as additional oats-inspired
recipe cards.
The Coca-Cola Company (NYSE: KO) opened a new bottling plant in Phnom Penh, Cambodia.
The investment, valued at $100 million, is part of Coca-Cola's plan to expand its production
facility in the Southeast Asian country by 2018. The plant, situated in a special economic zone, will provide employment
opportunity to 817 people. Notably, it will also be powered with solar energy.
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