Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
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Research
Coffee & tea
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Funding
Kaapi Machines secures $5.3m investment from Sedna Horeca
Indian coffee equipment and services provider Kaapi Machines has secured an equity investment of INR 500 million (approx. $5.3 million) from B2B hospitality solutions company Sedna Horeca.
Damm UK takes stake in Dalston’s Soda Co
Damm UK has acquired a stake in London-based Dalston’s Soda Co, making the soft drinks producer the first non-beer partner to join its Accelerator Programme at the Damm Eagle Brewery in Bedford.
Organic Traditions raises $10.5m to support US expansion
Canadian superfood brand Organic Traditions has secured $10.5 million (CAD 15 million) in Series A funding to accelerate its expansion across North America.
Milo's Tea opens new Alabama distribution centre amid $400m investment programme
Milo's Tea Company has expanded its operations in Alabama, US, with the opening of a 150,000-square-foot refrigerated distribution centre off Lakeshore Parkway in Birmingham.
Suntory PepsiCo opens $300m manufacturing site in Tay Ninh, Vietnam
Suntory PepsiCo Vietnam Beverage has inaugurated its ‘largest and most advanced’ manufacturing facility in Asia, located in Tay Ninh, Vietnam.
Nestlé invests $696m to build new Nescafé facility in Thailand
Nestlé is investing CHF 563 million (approx. $696 million) into building a new Nescafé production facility in Thailand.
Suntory invests £14.5m in UK blackcurrant processing facility
Suntory Beverage & Food (SBF) GB&I has invested £14.5 million in a new blackcurrant processing facility in Herefordshire, as part of efforts to strengthen its UK supply chain for Ribena production.
Diamond Brew secures pre-seed funding to expand brewless coffee pods
Diamond Brew, a US coffee start-up specialising in shelf-stable, machine-free coffee pods, has closed an oversubscribed pre-seed funding round.
Ryl Tea secures $20m Series C as ‘modern tea’ category gains momentum
The Ryl Company, maker of the rapidly growing ready-to-drink iced tea brand Ryl Tea, has closed a $20 million Series C growth equity financing round.
Royal Cup secures $192m financing to acquire Farmer Brothers
Royal Cup Coffee and Tea has secured a $192 million senior secured credit facility to support its acquisition of Farmer Brothers Coffee and provide working capital for the combined business.
VenHub opens second Las Vegas facility to accelerate autonomous store rollout
VenHub has opened a second and larger production and assembly facility in Las Vegas, expanding its manufacturing capacity as demand for its autonomous Smart Store technology continues to grow.
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