Coca-Cola invests in counter-top beverage dispensing company Lavit

Coca-Cola European Partners’ investment arm CCEP Ventures has invested in Lavit, which makes counter-top multi-beverage dispensing machines.

Using its globally patented technology, Lavit develops machines that can dispense a wide range of cold beverage options.

The financial details of the investment have not been disclosed.

Lavit CEO John Uhlein said: “We are delighted to have CCEP Ventures as a partner. This partnership will enable us to scale more quickly, combining CCEP’s industry experience and commercial expertise with Lavit’s innovative technology.”

Lavit plans to use the investment and the partnership for developing and testing new product capabilities and exploring growth opportunities.

CCEP said it intends to explore and test new dispensed delivery solutions to eliminate packaging waste, reducing its carbon footprint.

CCEP New Business Development vice-president Graham Stokhuyzen said: “Lavit is an ambitious business with an advanced, commercialised dispensing technology and system.

“We look forward to working together with John Uhlein and the rest of the Lavit team to test and explore next-generation dispensing solutions. Decreasing our packaging use and waste is a core part of our strategy to reduce our carbon footprint.

“We will continue to develop and invest in ‘drinks on-demand’ dispensed delivery innovations to offer consumers choice, personalisation, and convenience in the most sustainable ways possible. This will also enable us to reduce our use of single-use packaging.”

In September, CCEP Ventures acquired a 25% stake in Innovative Tap Solutions (ITS), which makes dispensed drink solutions.

Currently, the company’s self-pour beverage systems with 7,000 taps are deployed at more than 270 locations globally.