Owens-Illinois has agreed to purchase the food and beverage glass business of Mexico's Vitro SAB for about $2.15 billion, in a deal expected to close within the year. If Vitro shareholders approve the deal, O-I would acquire the company's five factories in Mexico and one in Bolivia.
Beverage company KonaRed has inked three deals that its CEO Shaun Roberts hopes will bring coffee fruit into the mainstream. The company's deal with Lincoln Park Capital gives KonaRed the option to sell $12 million of equity in a 30-month period; a partnership with Splash Beverage Group gives KonaRed national distribution; and a licensing arrangement with VDF Futureceuticals will build the science behind coffee fruit. "We've always believed that coffee fruit is the king of superfruits and we think we can do for coffee fruit what POM did for pomegranates and Sambazon did for acai," Roberts said.
Kraft brand Crystal Light has launched an e-commerce site selling 20 varieties of Crystal Light from its Base, Energy, Mocktails and Pure lines, including some that are not available at retail locations. The site marks the national launch of the Pure line, made with Truvia and free of artificial flavors or preservatives.
A subsidiary of Grupo Jumex will distribute Monster Energy drinks throughout Mexico in a deal signed with Hansen Natural Corp. The subsidiary, called Comercializadora Eloro S.A., will begin distributing the drinks in January.