Home » Investment firm acquires Switch Beverage Co.
Investment firm acquires Switch Beverage Co.
Entities related to or advised by the investment management firm, Luther King Capital Management, through Fort Worth, Texas-based Beverage Acquisition Co., have purchased the assets of The Switch Beverage Co., Richmond, Va.
The Switch CEO Brian Boyd said, "The Beverage Acquisition Co. was organized by LKCM in late 2005 to acquire emerging and established specialty niche beverage and food companies in the natural food & beverage markets. We are currently looking at several other acquisitions in this space today and are excited about the opportunities that exist."
Founded in 2001, Switch Beverage produces, markets and distributes "The Switch" brand, an alternative beverage. The Switch is a slightly carbonated, 100% juice beverage that contains no preservatives or additives. The line includes 11 flavors, each of which provide 100% of the daily RDA of vitamin C. It is sold through a national independent distributor network in the Mid Atlantic, Northeast, Southwest, Central and Northwest regions of the U.S.
"As the industry's leading provider of carbonated 100% blended fruit juice through our 'The Switch' brand, we have generated broad appeal from consumers seeking a healthy alternative to traditional sweetened carbonated soft drinks," said Richard Beswick, National Sales Manager, The Switch Beverage Co.
PepsiCo Stock Hits 32-Year High, but Why?
Decent first quarter but also investment firms buys a big stake.
Happy Family Bought by Groupe Danone
Dannon parent acquires 92 percent of seven-year-old toddler food company.
Anuga 2013: A Taste of Global Innovations Set to Take Place October 5-9
The huge global food show will be October 5-9 in Cologne, Germany.
Vermont Passes Genetic Labeling Bill
The Vermont House of Representatives approved H.112 on May 10. The bill will go to the senate next in fall 2013. If passed, the earliest the act could become law is January 2014.
GMO Labeling Effort Reaches Washington
Senate and House bills would require the FDA to develop regulations for the labeling of food containing bioengineered ingredients.
Burger King CEO To Take Over at Heinz
Bernardo Hees of 3G Capital is new CEO of Pittsburgh acquisition.
The New Hostess Company Resumes Operations
The Metropolous-Apollo-controlled company plans to reopen four plants and hire workers, but not union labor.
- 04/19/2013 Cheesemaker, Restaurant Chain Hold Mac and Cheese Cookoff
- 04/19/2013 Restaurant Chain That Also Supplies School Lunches Goes Trans Fat-Free
$10 Billion Offer for D.E Master Blenders 1753
Former part of Sara Lee eyed by European fund Joh. A. Benckiser.
- All news »
Access Food Processing and Wellness Foods magazines on-line and receive an e-mail each month when your new issue is ready. Subscribe Now »
Biweekly updates delivering feature articles, top industry news, company news, product announcements, technical issues and more. Subscribe Now »