USA: National Beverage Corp. Given `OK' to Do Ritz

By Company Press Release | 4 September 2000

National Beverage Corp. (AMEX:FIZ) today announced it has received final regulatory approvals to purchase the carbonated beverage operations and certain assets of Beverage Canners International, Inc. ("BCI"), including the Ritz® and Crystal Bay(TM) brands and a multi-line beverage manufacturing facility located in Miami, Florida. The cash purchase will close early next week. "We intend to move quickly to integrate BCI into National Beverage's current operating structure," stated Nick A. Caporella, chairman and chief executive officer. "The potential of this acquisition through its direct-store-delivery system gives our high margin brands great exposure in a high consumption demographic... within a strong soft-drink climate," Caporella continued. "While our core beverage brands continue to outperform the typical carbonated soft-drink growth and our soon to be released first quarter results are reflective of that performance...we strongly believe that our financial strength and earnings potential are not fully recognized in the valuation of our market capitalization," concluded Caporella. National Beverage is a holding company for various operating subsidiaries that market, manufacture and distribute its full line of beverage products: Shasta®, Faygo® and Big Shot®, multi-flavored and cola soft drinks; Everfresh®, Home Juice® and Mr. Pure®, a full line of juice and juice-enriched products; LaCROIX® and ClearFruit®, flavored carbonated and spring water products; and specialty items, VooDoo Rain(TM) and St. Nick's(TM). The Company has 15 strategically located manufacturing facilities in the USA.

just-drinks articles are only available to registered users and members.

Join now for increased access

There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.

If you’re already a member, login here.

National Beverage Corp. (AMEX:FIZ) today announced it has received final regulatory approvals to purchase the carbonated beverage operations and certain assets of Beverage Canners International, Inc. ("BCI"), including the Ritz® and Crystal Bay(TM) brands and a multi-line beverage manufacturing facility located in Miami, Florida. The cash purchase will close early next week. "We intend to move quickly to integrate BCI into National Beverage's current operating structure," stated Nick A. Caporella, chairman and chief executive officer. "The potential of this acquisition through its direct-store-delivery system gives our high margin brands great exposure in a high consumption demographic... within a strong soft-drink climate," Caporella continued. "While our core beverage brands continue to outperform the typical carbonated soft-drink growth and our soon to be released first quarter results are reflective of that performance...we strongly believe that our financial strength and earnings potential are not fully recognized in the valuation of our market capitalization," concluded Caporella. National Beverage is a holding company for various operating subsidiaries that market, manufacture and distribute its full line of beverage products: Shasta®, Faygo® and Big Shot®, multi-flavored and cola soft drinks; Everfresh®, Home Juice® and Mr. Pure®, a full line of juice and juice-enriched products; LaCROIX® and ClearFruit®, flavored carbonated and spring water products; and specialty items, VooDoo Rain(TM) and St. Nick's(TM). The Company has 15 strategically located manufacturing facilities in the USA.

  • Unlimited access to all the latest global beverage news and insight
  • Expert analysis that puts the news into context
  • Exclusive interviews with leading industry figures
  • Monthly management briefings with detailed analysis on hot topics
  • Personalised RSS feeds and email newsletters
  • 10-year archive of news, insight and intelligence
  • Discounts on just-drinks market research
  • Plus much more

If you’re already a member, login here

Not what you were looking for?

Search just-drinks:

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page