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
Funding
ChariTea expands Waitrose distribution as foundation funding reaches £11m
ChariTea has expanded its UK retail presence with a nationwide listing in Waitrose, as the Lemonaid & ChariTea Foundation reports it has raised £11 million for social projects.
Athlete investors back Waiākea as latest round raises $11m
A company spokesperson told Refreshment that the latest round raised $11 million in total, with McMillan, Williams and Grant contributing alongside other investors. Individual investment amounts were not disclosed.
New California-based bottled water brand launches amid industry safety concerns
A new bottled water brand, Loonen, launched this week in select California retailers and on Amazon, following a $6 million funding round led by Brand Foundry Ventures.
Lucky Energy secures $25m in oversubscribed Series B round to fund nationwide expansion
Lucky Energy has closed an oversubscribed $25 million Series B funding round led by Paine Schwartz Partners, with participation from North Fifth Services, LLC, Sequel and Joyance Partners, alongside existing investors.
Trip valued at $300m following latest $40m investment round
Functional beverage brand Trip has reached a $300 million valuation after securing $40 million in new funding from a roster of celebrity investors and growth-stage capital partners.
Primo Brands breaks ground on new Mountain Valley Spring Water facility in Arkansas
Primo Brands Corporation has broken ground on a new production facility in Hot Springs, Arkansas, to expand capacity for its premium bottled water brand, The Mountain Valley.
Radnor Hills invests £5m in new Tetra Pak line to boost production capacity
Welsh soft drinks manufacturer Radnor Hills has completed a £5 million investment at its Knighton, Powys site, installing the UK’s first Tetra Pak speed portion pack line with the latest technology upgrade.
Keurig Dr Pepper receives $7bn investment to support business split and JDE Peet’s deal
Keurig Dr Pepper has received a $7 billion strategic investment, co-led by Apollo and KKR, to support its acquisition of JDE Peet’s alongside its split into two distinct businesses.
Buffalo Biodiesel secures $300m funding to expand renewable energy operations
Buffalo Biodiesel (BBD), a used cooking oil recycler and renewable fuel producer based in Buffalo, New York, has entered a $300 million capital and growth partnership with Verite Capital Partners (VCP) to accelerate its expansion across the eastern US.
PepsiCo inaugurates new canning line in Romania following $8.5m investment
PepsiCo has inaugurated a new beverage canning line at its Dragomirești-Deal plant in Ilfov County, Romania, following an $8.5 million investment.
Suntory Beverage & Food France to close La Courneuve facility
This decision is part of a broader plan that includes an investment of over €170 million by 2030 to adapt to market dynamics and address rising production costs.
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