National Beverage Corp. is an American beverage developer, manufacturer, and distributor based in Fort Lauderdale, Florida, focused on flavored soft drinks, with its most noted brands being La Croix, Shasta, and Faygo.[1]
History
National Beverage Corporation was formed in 1985 by Nick A. Caporella as a shell company to fend off an unwanted acquisition by Victor Posner of Burnup & Sims Inc.,[1] an installer of cable television and telecommunications systems. As company earnings for Burnup & Sims grew nearly threefold between 1978 and 1981, Posner "decided to secure a piece of the rising profits".[1] Caporella was the CEO of Burnup & Sims at the time, and was opposed to Posner's attempt to acquire control of the company. Posner had acquired 43% of the company's stock between 1982 and 1985,[1]