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Latest S&S Beverage News
Feb 2, 2021
Kona Gold Beverage has announced the acquisition of S&S Beverage., the makers of Lemin Superior Lemonade. Kona Gold Beverage is a holding company focused on product development in the hemp and CBD functional beverage sector. Established in 2018, Lemin Lemonade is a low calorie, better-for-you lemonade available in four flavors: Original, Blue Raspberry, Peach and Strawberry. Lemin is available around the US in popular chains such as Kroger Wisconsin and Illinois stores, Sheetz, Woodmans, Festival Foods, Plaid Pantry, regional 7-Elevens, Circle K North and South Carolina stores. Kona Gold Beverage acquired S&S Beverage through a combination of cash and stock. The founder and creator of Lemin, Bill Stineman, has joined the Kona Gold team as our VP of Product Management and Innovation. In 2019, S&S Beverages’ first full year of sales of Lemin, it sold close to $900,000 in product. “I am excited to be sharing with our stockholders the acquisition of S&S Beverage, makers of Lemin Superior Lemonade, which is truly the best lemonade on the market,” said Robert Clark, CEO of Kona Gold Beverage. “Lemin will provide Kona Gold Beverage with a mainstream, better-for-you beverage product in its portfolio, opening many doors for our existing products. Lemin has already established itself in many popular chains around the country and we expect to announce additional chains for the 2021 Spring sets.” “I am beyond excited to partner and join the Kona Gold Beverage Team,” said Bill Stineman, VP of Product Management and Innovation of Kona Gold Beverage, Inc. “Kona Gold will provide a strong financial backing to help innovate, expand and grow all of our brands. By combining our sales channels and Kona Gold’s back office support, we will have the opportunity to take Lemin and Kona Gold’s beverage portfolio to the next level of retail chain relationships and larger distributor networks. I look forward to helping expand Kona Gold’s current Brands through Lemin’s national chain and direct store delivery (“DSD”) customers, as well as expanding Lemin through Kona Gold’s established network of DSD Distributors.” Get our newsletter every weekday morning and start the day with the latest news from Ireland's hospitality sector SUBSCRIBE!
S&S Beverage Frequently Asked Questions (FAQ)
What is S&S Beverage's latest funding round?
S&S Beverage's latest funding round is Acquired.
Who are the investors of S&S Beverage?
Investors of S&S Beverage include Kona Gold Beverage.
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