Coca-Cola is debuting "fruitwater," a line of carbonated, nutrient-enhanced sparkling drinks sweetened with sucralose. The drinks, part of the company's Glaceau unit, will be fruit-flavored but will not contain fruit juice.
Kroger has settled a patent infringement lawsuit filed by the Polymer Group. Cut-off dates were set for the sale and distribution of any remaining allegedly infringing products. Inter-American Products and U.S. Nonwovens Corp. also agreed to the settlement.
Glaceau, the maker of Vitaminwater, may go public as early as next year in an exit move, and Coca-Cola Co., known for its slow expansion in the nonsoda market, is the suitor most rumored to be planning its takeover, according to sources. "An IPO is not in the cards right now. It could be in the future if that's the route Glaceau decides to take," Glaceau President Mike Repole said of the rumored acquisition.
In addition to cutting jobs and shrinking its industrial client base, McCormick & Co. will roll out flip-top caps on many of its spices this year and is developing new products including gelatin with fruit-flavored sparkles, said CEO Robert Lawless at an analyst conference. The company expects the consumer business to grow to 60% of its overall revenue by 2010, he said.