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Spindrift Sells Majority Stake
➺ And The Wonderful Company responds to accusations over water usage and ownership amid California wildfires.
Jan van Iperen
January 15, 2025
For Professionals in the Juice and Citrus industry
Today was one of those days: Get the right people together and new opportunities arise.
There is a lot AI can do nowadays, but it does not have gut feeling… yet.
In Today's newsletter:
🧃 Juice News
Bill Creelman, Spindrift’s Founder and current CEO, will move to a new role as Chair of Spindrift’s board. Creelman and the management team will retain a significant equity stake in the company. The investment, subject to customary closing conditions, is expected to be completed in the first quarter of this year. Additional terms of the transaction were not disclosed.
Spindrift was founded by Bill Creelman in his kitchen in 2010. Since then, the company has consistently achieved exceptional growth as consumers have fallen in love with Spindrift’s unsweetened sparkling waters. Today, the company is committed to proudly making things “the Hard Way” with real squeezed fruit.
To better understand these evolving trends, FoodNavigator-USA is hosting on Feb. 14 an online event with presentations, startup pitches and a panel discussion with representatives from DSM-Firmenich, Euromonitor, Suja Organics and Zevia. The event is part of FoodNavigator’s Nutrition Broadcast series.
As consumers demand cleaner labels and functional benefits, established beverage categories like soda are evolving with an eye towards health, a main trend that will be discussed during a panel at the Positive Nutrition Broadcast Series.
The updated guidance builds on BIER’s commitment to providing beverage companies with sector-specific tools that go beyond standard protocols. It supports the industry’s efforts to measure, manage, and report emissions effectively across Scope 1 (direct), Scope 2 (indirect), and Scope 3 (value chain) categories. By tailoring the framework to the unique needs of the beverage sector, the guidance ensures actionable insights and meaningful progress toward decarbonization.
Sugar-sweetened beverages, the liquid delight promising a moment of joy and delivering a lifetime (?) of regret. Position as a public health disaster by some, how much of the blame can we pin on SSBs? With so many other lifestyle culprits in play, it’s worth asking if they’re the real villain or just the easiest scapegoat in our quest for better health.
🍊 Citrus News
The Wonderful Company responds to accusations over water usage and ownership amid California wildfires
Stewart and Lynda Resnick's The Wonderful Company owns 175,000 acres of farmland in the state, which, according to Forbes, uses around 150 billion gallons of water annually.
In a statement released on January 12, The Wonderful Company responded to the accusations, stating, "There is zero truth that any individual or company, much less ours, owns or controls most of the water in California."
However, the company confirmed it owns a 57% stake in the Kern Water Bank, and says that this is not part of the state's water resources.
🔬 Research Worth Reading
The expression profile showed that the expression level of CsERF1 in roots was significantly lower under CTV infection than in healthy plants, while the expression level in stems was significantly increased. CsERF1 responded to exogenous salicylic acid (SA) and methyl jasmonate (MeJA) treatments. The CTV titer in RNAi-CsERF1 transgenic sweet orange plants significantly increased. Furthermore, CsERF1-overexpressing and RNAi-CsERF1 transgenic sweet orange plants exhibited differential expression of genes involved in jasmonic acid (JA) and SA signaling.