Coffee-Mate adds dairy alternative creamers
Coffee-Mate has announced plans to expand its product offerings to a new slew of consumers. The Glendale, Calif.-based company is introducing plant-based creamers, which serve as an alternative to dairy.
The creamers join the brand’s natural bliss line and come in four flavors: vanilla almond milk, caramel almond milk, hazelnut almond milk and sweet Crème coconut milk. Each is made with simple ingredients, such as almonds, coconuts from Sumatra, vanilla from Madagascar and pure cane sugar, the Nestlé-owned company said.
“Coffee-Mate remains a leader in the coffee creamer category for one important reason — we are relentlessly focused on quality and innovation to expand our product portfolio, while meeting changing consumer demands and lifestyles,” Daniel Jhung, Coffee-Mate brand director, said. “We know the increasing popularity of plant-based, non-dairy creamers is not just a trend, but a consumer preference that is here to stay. Using just a few simple ingredients not only expands our natural bliss offerings but delivers a delicious, creamy and flavorful option that Coffee-Mate natural bliss is known to provide.”
Coffe-Mate’s natural bliss almond milk and coconut milk creamers are now available at retailers nationwide in 16-oz. bottles for the suggested retail price of $2.79. The hazelnut flavored almond milk creamer will be sold exclusively at Target retail stores. Further product information can be found on the company’s website.
Go-Gurt, Sour Patch Kids team up on sour and sweet snack option
Yoplait’s on-the-go snack Go-Gurt is going the sour and sweet route with its latest collaboration. The Minneapolis-based company has announced that it joined forces with Sour Patch Kids candy, combining both products to create new yogurt flavors.
The Go-Gurt Sour Patch Kids flavored yogurt will be available in two candy flavors — redberry and blue raspberry.
“As a brand, we are always looking for new ways to create more fun for families,” Tsubasa Tanaka, business unit director of yogurt at General Mills, said. “With this collaboration, we’re bringing together two beloved brands known for their ability to instigate fun — Go-Gurt and Sour Patch Kids — to create an incredible snack experience.”
Inspired by the Sour Patch Kids candy, Go-Gurt’s collaboration with the Mondelez-owned brand does not contain high fructose corn syrup and is low-fat, the company said. The products will be available in two options, eight-and-16 count cartons that contain both flavors.
“The Sour Patch Kids brand is always looking for new opportunities to expand our brand presence across categories,” Wesley Saraceni, senior brand manager of candy at Mondelez, said. “We’re very excited to collaborate with Go-Gurt and bring together two iconic, well-loved brands.”
New of this latest collaboration comes on the heels of Yoplait announcing its own partnership with the Girl Scouts of the USA. Both new flavors of Go-Gurt will be available for purchase in retail locations nationwide later in January. Further product information can be found on the brand’s website.
Energizer announces acquisition of Rayovac
Energizer is buying out the competition — quite literally. The St. Louis-based company has announced that it has entered a definitive agreement to acquire Spectrum Brands Global Battery and Portable Lighting Business, which includes the brands Varta and Rayovac, for $2 billion in cash.
Spectrum’s generated 2017 revenue and EBITDA was $866 million and $169 million, respectively. Energizer intends to fund the acquisition through a combination of existing cash and committed debt facilities, including term loans and senior notes.
“The acquisition of Spectrum Batteries represents a compelling strategic, operational, and financial fit for Energizer,” Alan R. Hoskins, chief executive officer at Energizer, said. “The combination will enable us to leverage Spectrum Brands’ manufacturing assets, significantly expand our international business and enhance our long-term brand building capabilities as we broaden our portfolio with the Varta and Rayovac brands and our geographies with Spectrum Batteries’ passionate global colleagues. We have great respect for Spectrum Batteries and the strong business its colleagues have built, and are excited to bring together the talented colleagues from around the globe from both organizations to drive our business to new heights. In addition, the top-line and free cash flow growth from this acquisition, combined with the opportunity to realize meaningful synergies, will further enhance our ability to drive long-term shareholder value.”
The transaction is subject to customary closing conditions, including regulatory approvals and is expected to close prior to the end of calendar 2018.