[0] Mott's To Acquire Mauna La'i Brand.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com STAMFORD, Conn.--(BUSINESS WIRE)--July 3, 2000 Mott's Inc., a division of London-based Cadbury Schweppes Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in Berkeley Square, London, England, UK. Cadbury Schweppes is currently the only major international confectionery manufacturer to produce Fairtrade or organic products, which it sells through its plc, announced today it had agreed to purchase the Mauna La'i brand from Mauna La'i Tropicals, Ltd. The transaction is expected to be completed by mid-summer, 2000 and does not include any manufacturing facilities or equipment. Mauna La'i products, with net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in excess of $20 million last year, are marketed as authentic Hawaiian tropical juice drinks delivering a uniquely refreshing taste. They are sold in the U.S. in the tropical flavors of Island Guava guava (gwä`və), small evergreen tree or shrub of the genus Psidium of the family Myrtaceae (myrtle family), native to tropical America and grown elsewhere for its ornamental flowers and edible fruit. , Paradise Passion and Mango Mango. Mauna La'i products are distributed nationally to most large grocery stores. "Mauna La'i has displayed strong growth in recent years with 16 percent average annual volume growth since 1997," said Brad Irwin, president-Mott's. "The Mauna La'i brand is a proven winner and complements nicely our award winning portfolio of juice products. We are excited about the potential for future growth which we believe could be significant." The tropical juice drink segment continues to generate the highest growth rate in the beverage industry (16 percent over the 52-week period ending May 20, 2000) according to ACNielsen. If current growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. are maintained, tropical juice drinks will become the third largest juice segment, behind cranberry/blend drinks and apple juice, within one to two years. Launched in 1986, Mauna La'i was originally a product of Ocean Spray Cranberries, Inc. The brand was sold in 1997 to Mauna La'i Tropicals but Ocean Spray continued to package the brand. After a short transition period after completion of the sale, the Mauna La'i line will be produced at Mott's factories. The acquisition of Mauna La'i comes approximately one year after Mott's parent, Cadbury Schweppes, purchased Hawaiian Punch from Procter & Gamble. Mott's currently produces, markets and sells the Hawaiian Punch products found in the supermarket juice section. Its sister company, Dr Pepper/Seven Up Dr Pepper/Seven Up, Incorporated was a Plano-based soft-drink manufacturing company created by the merger of Dr Pepper, Incorporated and The Seven Up Company on May 19, 1986. , Inc., produces the concentrate for bottlers for Hawaiian Punch sales in the soft drink aisle. Headquartered in Stamford, Connecticut, Mott's is the nation's leading producer of branded apple sauce and apple juice. Other well-known products made by Mott's include Mott's Fruitsations, Hawaiian Punch Fruit Drink, Clamato, Grandma's Molasses molasses, sugar byproduct, the brownish liquid residue left after heat crystallization of sucrose (commercial sugar) in the process of refining. Molasses contains chiefly the uncrystallizable sugars as well as some remnant sucrose. , the number one brand of Molasses in America, Holland House and Mr & Mrs T, the top selling cocktail mixers in the United States and Rose's, the nation's leading brand of lime juice and grenadine grenadine: see pomegranate. . More information about Mott's can be found on its website, www.motts.com. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.070300/bb1 |
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