Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Zico Coconut Water Returns to Founder

foodprocessing 2021-01-18
Share       

Coca-Cola has sold Zico coconut water to an investment fund co-founded by the man who sold it to Coca-Cola in the first place.

PowerPlant Ventures, a venture capital firm co-founded by Mark Rampolla, has bought Zico for an undisclosed sum. Rampolla created Zico in 2004, after discovering coconut water during a stint with the Peace Corps, according to the Wall Street Journal. He sold a minority stake in the brand to Coca-Cola in 2009, and the rest in 2013.

But during the pandemic, Coca-Cola was among the major processors that trimmed marginal SKUs to concentrate on the more mainstream products that were suddenly in demand. Zico, a distant second in coconut water behind Vita Coco, got the ax.

PowerPlant Ventures has invested in a variety of food companies, including Beyond Meat and Eat JUST Inc., which produce plant-analogue meat and eggs, respectively.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Rising film evaporatation

Rising film evaporatation

Ferrous citrate

Ferrous citrate

COATING STARCH

COATING STARCH

Tang-Mei-Le ADR-1 probiotic capsules

Tang-Mei-Le ADR-1 probiotic capsules

SODIUM ACETATE

SODIUM ACETATE

Ginseng Extract

Ginseng Extract

Sweet potato processing line

Sweet potato processing line

VM300T/A Vacuum Packager

VM300T/A Vacuum Packager

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121