Molson Coors Beverage Co. is teaming with next-generation beverage company L.A. Libations to launch a new slate of non-alcoholic drinks as part of its efforts to expand beyond the beer aisle and reach more consumers in search of better-for-you beverages. The rollout is part of the company's intention to leverage the competitive strengths of its foundation in beer to grow in new spaces.
Drug Store Products acquired Mechanical Servants LLC, which does business as Convenience Valet, to combine the resources of two "point-of-need" consumer products companies. "By combining our strengths, we can better reach the millions of consumers who look for immediate solutions for health and well-being at the point of need when traveling," said Steve Jungmann, president and CEO of Convenience Valet.