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Soft drinks purchase

This article was originally published in Foodnews

NUVIM, a Delaware-based maker of juices containing prebiotic fibre, has signed a letter of intent to purchase a stake in New York-based drinks firm, Gran Nevada, and conduct the beverage operations through to 2014. As the operating entity, NuVim will make the sales of current and future Gran Nevada products and share a percentage of the profits with Gran Nevada. Revenues for sales of Gran Nevada RDT beverages, including its flagship product, Horchata, a rice and milk based beverage targeted at the growing Hispanic market, is expected to reach USD1.0 million during the next 12 months.

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