Cornelius’ SPRiZZi Drink-Co. just announced a $100 million investment initiative from the government of Rugao, China, attributed to its environmentally friendly products. This investment will not only increase the production and efficiency of SPRiZZi Drink-Co., but it reinforces both parties’ values of expanding the variety of green products and technology through quality service to its users, decreasing the amount of un-recyclable waste and diminishing their carbon footprint.
“SPRiZZi Drink-Co.’s model and products are exactly what we’ve been looking for,” said Secretary Ma from the Chinese Government. “With typical beverages being 84 percent water, we are helping provide a smart solution which will save large amounts of plastic, cans and bottles, while also reducing the carbon footprint left on the planet with the help of SPRiZZi Drink-Co.’s 100 percent recyclable flavor bullets.”
Over the course of five years, the $100 million investment will include a 60,000 square foot manufacturing warehouse with an accompanied 5,000 square foot executive office space in Rugao, China. The investment will also take the form of tax credits, a cash fund for innovation awards, letters of credit to vendors, loans for equipment, tax breaks and various government cash grants. Funds will also be used for building a bullet-filling factory in Rugao as well. In addition to the international investor, SPRiZZi Drink-Co. has received funding from strategic partners for global licensings, angel investors and is currently in talks with several other partners and independent investors.
“This is by far, the most disruptive product to come to market in the beverage industry,” said SPRiZZi Drink-Co. president and CEO, Michael Breault. “Not only are we helping the environment, but with how fast we are growing, we will be able to help people as well. We deem ourselves an ever growing brand with new facilities, machinery and positions that will offer increased opportunities in states such as North Carolina, where SPRiZZi Drink-Co. has another manufacturing facility that will employ over 200 people.”
SPRiZZi Drink-Co. is attempting to challenge the wildly popular SodaStream countertop soda maker by offering “instant cold beverages made fresh and carbonated in seconds”.
The company currently operates out of a 118,000 square foot facility in Cornelius, NC.