December 15, 2020
Coca-Cola European Partners has completed an investment in Lavit, a maker of multi-beverage, counter-top dispensing machines, according to a press release. The investment amount was not disclosed.
Using globally patented technology, the Lavit system lets consumers make and pour their drink in seconds by dispensing a range of cold beverage options "on-demand" at the tap of a button offering customization of beverages based on carbonation and flavor. Lavit currently has network of customers in the U.S. and Canada.
The partnership will further CCEP's intent to explore new dispensed delivery solutions in the interest of eliminating packaging waste and reducing its carbon footprint.
The partnership follows CCEP Ventures' recent acquisition of a 25% stake in Innovative Tap Solutions, investing in the company's self-pour, self-pay drink dispensing technology.