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Snapple Beverage Corp

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BUSINESS
June 22, 1994 | From Times Staff and Wire Reports
Snapple Moves to Strengthen Distribution Network: Snapple Beverage Corp. is planning to acquire sizable stakes in beverage distributors in Los Angeles, Orange County and Houston. The deals are designed to help the East Meadow, N.Y.-based beverage company compete with soft drink giants Pepsi and Coca-Cola, which are challenging Snapple in the $6-billion alternative, or New Age, beverage market. Snapple said it will pay $25 million for a 50% interest in Haralambos Beverage Co.
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CALIFORNIA | LOCAL
September 24, 2008 | From Times Staff and Wire Reports
Hyman Golden, 85, a co-founder of Snapple Beverage Corp. who also served as its chairman during its boom days, died Sept. 14 in Great Neck, N.Y., of complications from a stroke, the New York Times reported. Golden started the business with two partners in 1972, and several years later introduced a line of flavored teas and juices that became what the Times called "a national phenomenon." By the time Golden and his partners sold the company to Quaker Oats Co. for $1.7 billion in 1994, it had annual sales of $700 million.
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BUSINESS
June 22, 1994 | GREG JOHNSON, TIMES STAFF WRITER
Snapple Beverage Corp. moved to strengthen its distribution network Tuesday by planning to acquire sizable stakes in beverage distributors in Orange County, Los Angeles and Houston. The deals are designed to help the East Meadow, N.Y.-based company compete with soft-drink giants Pepsi and Coke, which are challenging Snapple in the $6-billion alternative or New Age beverage market.
BUSINESS
June 22, 1994 | From Times Staff and Wire Reports
Snapple Moves to Strengthen Distribution Network: Snapple Beverage Corp. is planning to acquire sizable stakes in beverage distributors in Los Angeles, Orange County and Houston. The deals are designed to help the East Meadow, N.Y.-based beverage company compete with soft drink giants Pepsi and Coca-Cola, which are challenging Snapple in the $6-billion alternative, or New Age, beverage market. Snapple said it will pay $25 million for a 50% interest in Haralambos Beverage Co.
BUSINESS
February 18, 1994 | From Reuters
A price war may be brewing in ready-to-drink iced tea, even though it is still winter, with market leader Snapple's stock falling Thursday on talk of price cuts from Lipton, its nearest competitor. Snapple Beverage Corp.'s stock slipped $2.75 to $28 in Nasdaq trading after an analyst voiced concerns about competitive pricing. Iced teas account for about 55% of Snapple's sales.
CALIFORNIA | LOCAL
September 24, 2008 | From Times Staff and Wire Reports
Hyman Golden, 85, a co-founder of Snapple Beverage Corp. who also served as its chairman during its boom days, died Sept. 14 in Great Neck, N.Y., of complications from a stroke, the New York Times reported. Golden started the business with two partners in 1972, and several years later introduced a line of flavored teas and juices that became what the Times called "a national phenomenon." By the time Golden and his partners sold the company to Quaker Oats Co. for $1.7 billion in 1994, it had annual sales of $700 million.
BUSINESS
October 22, 1993 | DENISE GELLENE
Snapple Beverage Corp. claims that its popular fruit drinks and iced teas are made from "the best stuff on Earth." Now government regulators are demanding to know just what that stuff is. In a recent filing with the Securities and Exchange Commission, the company disclosed that regulators are questioning claims that its drinks are "all natural" and "real brewed"--the underpinnings of Snapple's success.
BUSINESS
July 19, 1994 | Bloomberg Business News
Coca-Cola Co., PepsiCo Inc. and other major producers of diet sodas have asked a New York judge to dismiss a lawsuit seeking compensation for drinkers of stale beverages sweetened with aspartame. The consumer suit, which seeks class-action status, was filed in April in Kings County (N.Y.) Supreme Court. It was first reported Monday in Beverage Digest, a trade publication. A Coca-Cola spokeswoman declined to comment and Pepsi officials could not be reached.
BUSINESS
November 15, 1996 | From Times Staff and Wire Reports
Not bad for a few months' work. The investment group led by Boston financiers W. Mitt Romney and Thomas H. Lee that bought TRW's information services unit less than two months ago and sold it Thursday made a profit of nearly $12 million a day on the deal. Romney's Bain Capital Inc. and Lee's Thomas H. Lee Co. cleared a profit of $200 million each on the sale, after paying off their investment partners and bank loans related to the purchase. The investment group paid $1.
BUSINESS
June 22, 1994 | GREG JOHNSON, TIMES STAFF WRITER
Snapple Beverage Corp. moved to strengthen its distribution network Tuesday by planning to acquire sizable stakes in beverage distributors in Orange County, Los Angeles and Houston. The deals are designed to help the East Meadow, N.Y.-based company compete with soft-drink giants Pepsi and Coke, which are challenging Snapple in the $6-billion alternative or New Age beverage market.
BUSINESS
February 18, 1994 | From Reuters
A price war may be brewing in ready-to-drink iced tea, even though it is still winter, with market leader Snapple's stock falling Thursday on talk of price cuts from Lipton, its nearest competitor. Snapple Beverage Corp.'s stock slipped $2.75 to $28 in Nasdaq trading after an analyst voiced concerns about competitive pricing. Iced teas account for about 55% of Snapple's sales.
BUSINESS
October 22, 1993 | DENISE GELLENE
Snapple Beverage Corp. claims that its popular fruit drinks and iced teas are made from "the best stuff on Earth." Now government regulators are demanding to know just what that stuff is. In a recent filing with the Securities and Exchange Commission, the company disclosed that regulators are questioning claims that its drinks are "all natural" and "real brewed"--the underpinnings of Snapple's success.
BUSINESS
October 24, 1995 | From Associated Press
Quaker Oats Co. President Philip A. Marineau, who oversaw the ill-fated acquisition of Snapple Beverage Corp., resigned Monday just one week shy of the deal's first anniversary. Analysts said Marineau, the No. 2 executive at Chicago-based Quaker, was an apparent casualty of Snapple's poor performance. Neither Quaker nor Marineau immediately returned calls, and there was no word on Marineau's plans.
BUSINESS
November 3, 1994 | LISA RESPERS, TIMES STAFF WRITER
Quaker Oats Co. said Wednesday that it will acquire Snapple Beverage Corp. for $1.7 billion in cash, creating the nation's third-largest nonalcoholic beverage company and giving it a commanding market share lead in the fast-growing, so-called New Age drinks segment. Some analysts said the deal would be good for Snapple and Quaker, both of which have been under pressure in recent months.
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