Cott to acquire Cliffstar
NEW YORK One of the world’s largest nonalcoholic beverage companies has signed a definitive agreement to acquire one of the leading suppliers of private-label beverages and producer of apple, grape and cranberry juices and juice-blends in North America.
Cott said it would purchase the privately held Cliffstar for cash consideration of $500 million, payable at closing and subject to adjustments for working capital and other items.
“As the clear leader in private-label shelf-stable juice, Cliffstar is an ideal partner for Cott as we strengthen our position in private-label beverages,” said Jerry Fowden, Cott CEO. “A combination with Cliffstar expands Cott’s product portfolio and manufacturing capabilities, enhances our customer offering and growth prospects, and improves our strategic platform for the future. Combined with Cliffstar, Cott will be a more diversified company with long-term advantages for our shareowners and retailer partners.”
Delicious fun arrives in Jelly Belly crayons
FAIRFIELD, Calif. The world is getting more colorful with Jelly Belly crayons.
The 1-oz. Jelly Belly crayons have real crayon tips in colors to match the Jelly Belly beans inside. The crayons come in color/flavor combinations of cotton candy, berry blue, very cherry, sour orange and green apple.
The suggested retail price is $2.49 per crayon. The crayons will be avalable in time for the back-to-school season.
Healthy Food Brands candies now available at Walmart stores
NEW YORK New better-for-you confections now are available at Walmart, thanks to Healthy Food Brands.
The chain is offering three new varieties of Simply Lite high cacao-content chocolate and Sunkist sugar-free hard candies made with real fruit juice. Simply Lite are gluten-free chocolate bars available in milk chocolate, dark chocolate and dark chocolate with almonds. Sunkist sugar-free hard candies are sweetened with real fruit juice and Splenda, and are available in such classic and exotic flavors as strawberry, lemon, cherry, orange, pineapple, kiwi, mango and passion fruit.
“Initial response from Walmart customers has been extremely positive,” said Healthy Food Brands VP Russ Asaro. “Walmart is extremely selective about the brands they bring out nationally, so we’re excited by the validation they’ve given to our products.”