Coldpress Foods makes a selection of cold-press juices as well as smoothies and soft drinks

Coldpress Foods makes a selection of cold-press juices as well as smoothies and soft drinks

UK juice company Coldpress Foods has sold a minority stake to two brand investment companies for GBP2.3m (US$3m).

The agreement, with Odexia and Marechale Capital, will help Coldpress expand its sales footprint and boost its innovation pipeline, the company said yesterday. Exact details of the size of the divestment were not disclosed, however Coldpress founder Andrew Gibb told just-drinks is it less than 20%.

In a statement, Gibb said: "The welcome approach of Odexia and Marechale underpins the significant and sustainable success our vibrant drinks business has enjoyed both at home and abroad in recent months. We feel now is the perfect moment to forge ahead."

Formed in 2006, Coldpress Foods makes juices using the cold-press manufacturing technique that helps retain nutrition. Its portfolio also includes smoothies, veggie juices, almond drinks, coconut waters and lower-calorie soft drinks.

Last year, PepsiCo made its first move into cold-pressed juice in the US, with the launch of five products under its Naked brand.

Go organic - How the juice category can counter sugar charges - Research in Focus

Expert analysis

Juice Market in the Top 5 Asian Countries to 2021 - Market Size, Development, and Forecasts

Juice Market in the Top 5 Asian Countries to 2021 - Market Size, Development, and Forecasts

The report package Juice Market in the Top 5 Asian Countries to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlo...read more